WPP (WPP) Receives “Sell” Rating from Berenberg Bank

Berenberg Bank reiterated their sell rating on shares of WPP (LON:WPP) in a report published on Wednesday.

Other equities research analysts also recently issued research reports about the stock. Liberum Capital reissued a buy rating on shares of WPP in a research note on Wednesday, May 30th. BMO Capital Markets reissued a market perform rating and issued a GBX 1,300 ($16.93) target price on shares of WPP in a research note on Wednesday, September 5th. Citigroup reissued a buy rating on shares of WPP in a research note on Friday, May 18th. Barclays reissued an equal weight rating on shares of WPP in a research note on Friday, July 6th. Finally, Libertas Partners reissued a buy rating and issued a GBX 1,750 ($22.80) target price on shares of WPP in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 1,466.74 ($19.11).

WPP stock opened at GBX 1,124.50 ($14.65) on Wednesday. WPP has a 52-week low of GBX 1,121.44 ($14.61) and a 52-week high of GBX 1,774 ($23.11).

The business also recently declared a dividend, which will be paid on Monday, November 5th. Investors of record on Thursday, October 4th will be paid a GBX 22.70 ($0.30) dividend. This represents a yield of 1.9%. The ex-dividend date is Thursday, October 4th.

In related news, insider Mark Read purchased 10,000 shares of WPP stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average price of GBX 1,145 ($14.91) per share, with a total value of £114,500 ($149,146.80).

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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