Wpp Plc (NYSE:WPP) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 282,100 shares, a decline of 34.8% from the June 30th total of 432,800 shares. Based on an average daily trading volume, of 228,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the company’s stock are short sold.
A number of analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on WPP in a research report on Wednesday, July 8th. They issued an “underperform” rating for the company. ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “buy” rating on shares of WPP in a research report on Wednesday, July 15th. Goldman Sachs Group raised WPP from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, Zacks Investment Research raised WPP from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Four analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.00.
NYSE WPP opened at $37.30 on Friday. WPP has a twelve month low of $27.18 and a twelve month high of $70.80. 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 market capitalization of $9.33 billion, a PE ratio of 7.47 and a beta of 1.38. The stock has a 50-day simple moving average of $38.77 and a 200 day simple moving average of $43.74.
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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