Wpp Plc (NYSE:WPP) Receives Average Recommendation of “Hold” from Analysts

Wpp Plc (NYSE:WPP) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company.

Several brokerages have recently weighed in on WPP. Citigroup reaffirmed a “neutral” rating on shares of WPP in a research note on Thursday, April 30th. Rothschild & Co Redburn began coverage on shares of WPP in a research note on Thursday, May 28th. They set a “buy” rating for the company. Barclays raised shares of WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 27th. The Goldman Sachs Group began coverage on shares of WPP in a research note on Wednesday. They set a “sell” rating for the company. Finally, Wall Street Zen raised shares of WPP from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th.

WPP Price Performance

NYSE WPP opened at $18.59 on Friday. The business has a 50 day simple moving average of $17.61 and a 200 day simple moving average of $19.03. WPP has a 52-week low of $14.81 and a 52-week high of $39.58. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.89 and a quick ratio of 0.89.

Hedge Funds Weigh In On WPP

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of WPP during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in shares of WPP by 185.0% during the 4th quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock worth $28,000 after acquiring an additional 814 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of WPP by 105.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after acquiring an additional 717 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of WPP by 323.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,111 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of WPP by 1,279.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,689 shares during the last quarter. 4.34% of the stock is owned by institutional investors.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.