WPP plc (LON:WPP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of WPP plc (LON:WPP) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 910 ($12.17).

A number of brokerages have recently issued reports on WPP. Citigroup reissued a “buy” rating on shares of WPP in a report on Thursday, September 5th. Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on WPP from GBX 990 ($13.24) to GBX 950 ($12.71) and set a “buy” rating on the stock in a research report on Friday, August 9th.

WPP Trading Up 1.2 %

Shares of WPP opened at GBX 782.60 ($10.47) on Friday. WPP has a 1 year low of GBX 656 ($8.77) and a 1 year high of GBX 856.80 ($11.46). The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. The stock has a 50 day simple moving average of GBX 733.17 and a 200-day simple moving average of GBX 757.65. The stock has a market cap of £8.45 billion, a PE ratio of 4,118.95, a PEG ratio of 13.47 and a beta of 1.13.

WPP Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a GBX 15 ($0.20) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 2.09%. WPP’s payout ratio is 20,526.32%.

About WPP

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.