WPP (LON:WPP) Given “Buy” Rating at Deutsche Bank

Deutsche Bank restated their buy rating on shares of WPP (LON:WPP) in a research note released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a GBX 1,090 ($14.24) price objective on the stock.

Several other equities analysts also recently issued reports on the company. Shore Capital reissued a buy rating on shares of WPP in a research report on Tuesday, October 1st. UBS Group reissued a buy rating on shares of WPP in a research report on Monday, August 12th. Goldman Sachs Group reissued a buy rating on shares of WPP in a research report on Tuesday, August 13th. Barclays reissued an overweight rating and issued a GBX 1,100 ($14.37) target price on shares of WPP in a research report on Monday, August 12th. Finally, HSBC cut their target price on WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating on the stock in a research report on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. WPP currently has a consensus rating of Hold and an average target price of GBX 1,096.15 ($14.32).

Shares of WPP stock opened at GBX 916.20 ($11.97) on Thursday. The business’s fifty day simple moving average is GBX 978.62 and its 200-day simple moving average is GBX 952.41. The company has a market cap of $11.56 billion and a PE ratio of 16.45. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 87.58. WPP has a 12-month low of GBX 791 ($10.34) and a 12-month high of GBX 1,065.50 ($13.92).

The firm also recently declared a dividend, which will be paid on Monday, November 4th. Shareholders of record on Thursday, October 3rd will be issued a GBX 22.70 ($0.30) dividend. This represents a yield of 2.33%. The ex-dividend date is Thursday, October 3rd. WPP’s payout ratio is 1.08%.

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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