WPP (LON:WPP) had its target price trimmed by Goldman Sachs Group from GBX 905 ($11.83) to GBX 870 ($11.37) in a research report sent to investors on Monday. The brokerage currently has a neutral rating on the stock.

WPP has been the topic of a number of other research reports. Deutsche Bank reissued a hold rating on shares of WPP in a research note on Tuesday, February 19th. Berenberg Bank reissued a hold rating and set a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, March 1st. UBS Group reissued a buy rating and set a GBX 1,150 ($15.03) price target (down previously from GBX 1,175 ($15.35)) on shares of WPP in a research note on Wednesday, February 27th. Shore Capital raised WPP to a buy rating in a research note on Monday, February 25th. Finally, Numis Securities reissued a reduce rating and set a GBX 800 ($10.45) price target on shares of WPP in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,151.22 ($15.04).

Shares of WPP stock opened at GBX 807.20 ($10.55) on Monday. WPP has a fifty-two week low of GBX 791 ($10.34) and a fifty-two week high of GBX 1,375.50 ($17.97). The firm has a market cap of $10.19 billion and a price-to-earnings ratio of 9.58. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96.

The company also recently announced a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, June 13th will be given a GBX 37.30 ($0.49) dividend. This is a positive change from WPP’s previous dividend of $22.70. This represents a dividend yield of 4.31%. The ex-dividend date is Thursday, June 13th. WPP’s dividend payout ratio (DPR) is 0.71%.

In related news, insider Mark Read sold 12,823 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 856 ($11.19), for a total value of £109,764.88 ($143,427.26).

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 (LON:WPP)

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