WPP plc (LON:WPP – Get Rating) declared a dividend on Friday, August 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 13th will be paid a dividend of GBX 15 ($0.18) per share on Tuesday, November 1st. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, October 13th. The official announcement can be accessed at this link.
WPP Trading Down 8.8 %
Shares of WPP stock opened at GBX 814.60 ($9.98) on Friday. The firm has a market capitalization of £8.90 billion and a PE ratio of 1,566.54. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 167.75. The firm’s 50 day moving average is GBX 844.21 and its 200 day moving average is GBX 976.76. WPP has a 1 year low of GBX 753.60 ($9.23) and a 1 year high of GBX 1,231.50 ($15.09).
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on WPP. Berenberg Bank decreased their price target on shares of WPP from GBX 1,230 ($15.07) to GBX 915 ($11.21) and set a “hold” rating on the stock in a report on Friday, July 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 950 ($11.64) price target on shares of WPP in a report on Tuesday, April 26th. Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of WPP from GBX 1,330 ($16.30) to GBX 1,260 ($15.44) and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,244.44 ($15.25).
WPP Company Profile
WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.
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