WPP plc (LON:WPP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of WPP plc (LON:WPP) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 946.67 ($12.39).

Several brokerages have recently weighed in on WPP. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WPP from GBX 990 ($12.96) to GBX 950 ($12.43) and set a “buy” rating for the company in a research note on Friday, August 9th. Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. Finally, Shore Capital reissued a “buy” rating on shares of WPP in a report on Wednesday, August 7th.

WPP Stock Performance

WPP stock opened at GBX 755.40 ($9.89) on Friday. The company has a market cap of £8.16 billion, a PE ratio of 3,975.79, a PEG ratio of 13.47 and a beta of 1.13. The company’s 50-day moving average is GBX 735.50 and its two-hundred day moving average is GBX 759.44. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. WPP has a 1 year low of GBX 656 ($8.59) and a 1 year high of GBX 856.80 ($11.21).

WPP Cuts Dividend

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

WPP Company Profile

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.