Wpp Plc (WPP) Given Overweight Rating at JPMorgan Chase & Co.

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Wpp Plc (LON:WPP)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They presently have a GBX 1,975 ($26.31) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 11.58% from the company’s current price.
A number of other equities research analysts also recently issued reports on WPP. Numis Securities Ltd reiterated an “add” rating and set a GBX 1,775 ($23.64) price objective on shares of Wpp Plc in a research note on Friday, August 5th. Citigroup Inc. reiterated a “buy” rating on shares of Wpp Plc in a research note on Friday, May 13th. Societe Generale upgraded shares of Wpp Plc to a “buy” rating and reduced their price objective for the stock from GBX 2,050 ($27.30) to GBX 1,975 ($26.31) in a research note on Wednesday, July 13th. Jefferies Group reiterated a “buy” rating and set a GBX 1,850 ($24.64) price objective on shares of Wpp Plc in a research note on Wednesday, June 1st. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,755 ($23.38) price objective on shares of Wpp Plc in a research note on Friday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Wpp Plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,802.74 ($24.01).
Wpp Plc (LON:WPP) traded down 1.12% during midday trading on Thursday, hitting GBX 1770.00. 3,091,562 shares of the company were exchanged. The stock’s market capitalization is GBX 22.61 billion. Wpp Plc has a one year low of GBX 1,204.00 and a one year high of GBX 1,875.00. The firm’s 50-day moving average price is GBX 1,747.81 and its 200-day moving average price is GBX 1,631.27.

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The firm also recently declared a dividend, which will be paid on Monday, November 7th. Investors of record on Thursday, October 6th will be given a GBX 19.55 ($0.26) dividend. This represents a yield of 1.1%. The ex-dividend date is Thursday, October 6th.
In other Wpp Plc news, insider Quarta,Roberto purchased 5,700 shares of Wpp Plc stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average price of GBX 1,511 ($20.13) per share, with a total value of £86,127 ($114,713.64). Also, insider Hood,John purchased 3,000 shares of Wpp Plc stock in a transaction that occurred on Wednesday, June 29th. The stock was acquired at an average cost of GBX 1,532 ($20.40) per share, with a total value of £45,960 ($61,214.70).
About Wpp Plc
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.

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