WPP (LON:WPP) Rating Reiterated by Shore Capital

Shore Capital restated their buy rating on shares of WPP (LON:WPP) in a report released on Wednesday, Marketbeat.com reports.

WPP has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 946.67 ($12.29).

WPP Stock Performance

Shares of LON WPP opened at GBX 822.60 ($10.68) on Wednesday. WPP has a 12 month low of GBX 656 ($8.52) and a 12 month high of GBX 856.80 ($11.12). The company has a market cap of £8.88 billion, a P/E ratio of 4,329.47, a P/E/G ratio of 13.47 and a beta of 1.13. The business’s 50 day moving average is GBX 753.63 and its two-hundred day moving average is GBX 762.71. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 2.09%. WPP’s dividend payout ratio is currently 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.