Wpp Plc (WPP) Stock Price Up 0%
Shares of Wpp Plc (LON:WPP) rose 0% during mid-day trading on Friday . The stock traded as high as GBX 1,293 ($17.01) and last traded at GBX 1,304 ($17.15). Approximately 3,370,062 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 5,420,000 shares. The stock had previously closed at GBX 1,304 ($17.15).
WPP has been the topic of several recent research reports. Numis Securities Ltd reaffirmed an “under review” rating on shares of Wpp Plc in a report on Tuesday, October 31st. Shore Capital raised shares of Wpp Plc to a “buy” rating in a report on Friday, September 29th. Deutsche Bank AG reduced their price target on shares of Wpp Plc from GBX 1,750 ($23.02) to GBX 1,510 ($19.86) and set a “hold” rating on the stock in a report on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Wpp Plc in a report on Friday, July 21st. Finally, Morgan Stanley downgraded shares of Wpp Plc to an “equal weight” rating and reduced their price target for the company from GBX 1,930 ($25.38) to GBX 1,600 ($21.04) in a report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,775.50 ($23.35).
The business also recently declared a dividend, which was paid on Monday, November 6th. Shareholders of record on Thursday, October 5th were paid a dividend of GBX 22.70 ($0.30) per share. This represents a yield of 1.55%. The ex-dividend date was Thursday, October 5th.
In other Wpp Plc news, insider Jacques Aigrain acquired 4,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of GBX 1,439 ($18.93) per share, with a total value of £57,560 ($75,706.96).
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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