Shares of Wpp Plc (NYSE:WPP) have earned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company.

A number of brokerages recently issued reports on WPP. Goldman Sachs Group restated a “buy” rating on shares of WPP in a report on Monday, June 3rd. Barclays upgraded WPP from an “equal weight” rating to an “overweight” rating in a report on Monday, April 29th. Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank began coverage on Intuitive Surgical in a report on Monday, April 1st. They set a “buy” rating and a $630.00 target price on the stock. Finally, ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday.

Several hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its holdings in shares of WPP by 55.2% during the 1st quarter. Global Retirement Partners LLC now owns 731 shares of the business services provider’s stock worth $39,000 after acquiring an additional 260 shares during the period. Investors Research Corp boosted its position in shares of WPP by 3.5% in the 1st quarter. Investors Research Corp now owns 10,447 shares of the business services provider’s stock worth $552,000 after purchasing an additional 350 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of WPP by 16.8% in the 1st quarter. Quadrant Capital Group LLC now owns 2,525 shares of the business services provider’s stock worth $125,000 after purchasing an additional 363 shares in the last quarter. Beacon Financial Group boosted its position in shares of WPP by 6.1% in the 2nd quarter. Beacon Financial Group now owns 7,100 shares of the business services provider’s stock worth $447,000 after purchasing an additional 406 shares in the last quarter. Finally, Semmax Financial Advisors Inc. boosted its position in shares of WPP by 78.4% in the 1st quarter. Semmax Financial Advisors Inc. now owns 1,151 shares of the business services provider’s stock worth $61,000 after purchasing an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

NYSE:WPP traded down $0.81 during mid-day trading on Friday, reaching $57.56. 343,734 shares of the company’s stock traded hands, compared to its average volume of 149,852. WPP has a 12-month low of $50.31 and a 12-month high of $84.64. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 7.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50 day moving average is $61.48.

About WPP

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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Analyst Recommendations for WPP (NYSE:WPP)

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