Wpp Plc (WPP) Earns “Buy” Rating from HSBC Holdings plc
HSBC Holdings plc reaffirmed their buy rating on shares of Wpp Plc (LON:WPP) in a research note published on Wednesday. HSBC Holdings plc currently has a GBX 1,600 ($21.11) price objective on the stock.
A number of other research analysts have also weighed in on the stock. Barclays PLC reissued an equal weight rating and issued a GBX 1,500 ($19.79) target price on shares of Wpp Plc in a report on Wednesday. Deutsche Bank AG cut their target price on shares of Wpp Plc from GBX 1,750 ($23.09) to GBX 1,510 ($19.93) and set a hold rating for the company in a report on Wednesday. Berenberg Bank cut their target price on shares of Wpp Plc from GBX 1,750 ($23.09) to GBX 1,410 ($18.61) and set a hold rating for the company in a report on Wednesday. J P Morgan Chase & Co reissued an overweight rating on shares of Wpp Plc in a report on Wednesday. Finally, Numis Securities Ltd reissued an under review rating on shares of Wpp Plc in a report on Tuesday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 1,775.50 ($23.43).
Shares of Wpp Plc (LON WPP) opened at GBX 1,318 ($17.39) on Wednesday.
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The firm also recently announced a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be given a dividend of GBX 22.70 ($0.30) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.55%.
In other Wpp Plc news, insider Jacques Aigrain bought 4,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72).
About Wpp Plc
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 & Identity, Healthcare 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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