Wpp Plc (NYSE:WPP) Given Consensus Rating of “Hold” by Analysts

Shares of Wpp Plc (NYSE:WPP) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company.

A number of analysts have issued reports on WPP shares. Zacks Investment Research raised WPP from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. UBS Group reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, March 4th. Goldman Sachs Group raised WPP from a “neutral” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of WPP in a report on Thursday, April 30th.

Large investors have recently bought and sold shares of the stock. Synovus Financial Corp bought a new stake in WPP during the first quarter valued at $29,000. Wealth Quarterback LLC bought a new stake in WPP during the fourth quarter valued at $31,000. Semmax Financial Advisors Inc. boosted its stake in WPP by 12.5% during the first quarter. Semmax Financial Advisors Inc. now owns 3,052 shares of the business services provider’s stock valued at $103,000 after buying an additional 340 shares during the period. Signaturefd LLC boosted its stake in WPP by 22.1% during the first quarter. Signaturefd LLC now owns 3,517 shares of the business services provider’s stock valued at $119,000 after buying an additional 636 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in WPP by 8.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,760 shares of the business services provider’s stock valued at $156,000 after buying an additional 290 shares during the period. 4.06% of the stock is owned by institutional investors.

NYSE:WPP traded up $0.42 during trading hours on Friday, reaching $38.96. The stock had a trading volume of 2,392 shares, compared to its average volume of 227,651. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day simple moving average of $38.72 and a 200 day simple moving average of $48.59. WPP has a 12-month low of $27.18 and a 12-month high of $70.80. The stock has a market cap of $9.22 billion, a P/E ratio of 7.81 and a beta of 1.37.

About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Analyst Recommendations for WPP (NYSE:WPP)

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