WPP plc (LON:WPP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of WPP plc (LON:WPP) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 910 ($11.90).

Several research firms have recently commented on WPP. Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on WPP from GBX 990 ($12.95) to GBX 950 ($12.42) and set a “buy” rating for the company in a report on Friday, August 9th.

WPP Stock Up 0.8 %

Shares of WPP stock opened at GBX 743.80 ($9.73) on Wednesday. The firm has a market cap of £8.03 billion, a P/E ratio of 3,914.74, a P/E/G ratio of 13.47 and a beta of 1.13. The business has a 50-day moving average price of GBX 724.63 and a 200 day moving average price of GBX 752.17. WPP has a fifty-two week low of GBX 656 ($8.58) and a fifty-two week high of GBX 856.80 ($11.20). The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

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