Wpp Plc (WPP) PT Lowered to GBX 1,410 at Berenberg Bank
Wpp Plc (LON:WPP) had its price objective decreased by Berenberg Bank from GBX 1,750 ($23.09) to GBX 1,410 ($18.61) in a research note published on Wednesday. Berenberg Bank currently has a hold rating on the stock.
A number of other research analysts have also issued reports on WPP. Barclays PLC reiterated an overweight rating and issued a GBX 2,025 ($26.72) price objective on shares of Wpp Plc in a report on Friday, July 7th. Jefferies Group LLC reiterated a buy rating and issued a GBX 2,000 ($26.39) price objective on shares of Wpp Plc in a report on Tuesday, July 11th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,920 ($25.34) price objective on shares of Wpp Plc in a report on Thursday, July 13th. Citigroup Inc reiterated a buy rating on shares of Wpp Plc in a report on Friday, July 14th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 2,000 ($26.39) price objective on shares of Wpp Plc in a report on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 1,775.50 ($23.43).
Shares of Wpp Plc (LON:WPP) traded down GBX 4 ($0.05) during midday trading on Wednesday, reaching GBX 1,318 ($17.39). 2,597,023 shares of the company were exchanged.
The business also recently disclosed 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. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, October 5th.
In other Wpp Plc news, insider Jacques Aigrain purchased 4,000 shares of Wpp Plc stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of GBX 1,439 ($18.99) per share, with a total value 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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