WPP (LON:WPP) Rating Reiterated by Citigroup

Citigroup reissued their buy rating on shares of WPP (LON:WPP) in a report published on Thursday, MarketBeat reports.

A number of other equities analysts also recently weighed in on WPP. Shore Capital reiterated a buy rating on shares of WPP in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on WPP from GBX 990 ($13.02) to GBX 950 ($12.49) and set a buy rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WPP presently has an average rating of Moderate Buy and a consensus target price of GBX 910 ($11.97).

WPP Price Performance

LON WPP opened at GBX 739.20 ($9.72) on Thursday. The company has a market cap of £7.98 billion, a PE ratio of 3,890.53, a PEG ratio of 13.47 and a beta of 1.13. WPP has a 1 year low of GBX 656 ($8.63) and a 1 year high of GBX 856.80 ($11.27). The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. The stock’s 50-day moving average price is GBX 723.78 and its two-hundred day moving average price is GBX 752.25.

WPP Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a GBX 15 ($0.20) dividend. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, October 10th. WPP’s dividend payout ratio is 20,526.32%.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.