Wpp Plc (NYSE:WPP) Given Average Rating of “Hold” by Analysts

Shares of Wpp Plc (NYSE:WPP – Get Free Report) have received a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have issued reports on WPP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WPP in a report on Tuesday, June 16th. Citigroup restated a “neutral” rating on shares of WPP in a research note on Thursday, April 30th. Berenberg Bank began coverage on WPP in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on WPP in a research note on Wednesday, June 3rd. They issued a “sell” rating on the stock. Finally, Rothschild & Co Redburn began coverage on WPP in a report on Thursday, May 28th. They issued a “buy” rating for the company.

Get WPP alerts:

View Our Latest Analysis on WPP

Hedge Funds Weigh In On WPP

Several hedge funds and other institutional investors have recently made changes to their positions in WPP. Hotchkis & Wiley Capital Management LLC grew its position in shares of WPP by 0.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,186,191 shares of the business services provider’s stock worth $255,164,000 after buying an additional 47,289 shares in the last quarter. Mondrian Investment Partners LTD increased its stake in shares of WPP by 1.5% during the fourth quarter. Mondrian Investment Partners LTD now owns 3,240,219 shares of the business services provider’s stock worth $72,775,000 after buying an additional 48,714 shares during the period. Dimensional Fund Advisors LP raised its holdings in WPP by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 861,579 shares of the business services provider’s stock valued at $21,555,000 after acquiring an additional 94,162 shares in the last quarter. Royal Bank of Canada raised its holdings in WPP by 7.5% in the fourth quarter. Royal Bank of Canada now owns 481,076 shares of the business services provider’s stock valued at $10,805,000 after acquiring an additional 33,433 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in WPP by 10.8% in the second quarter. Bank of America Corp DE now owns 470,900 shares of the business services provider’s stock worth $16,486,000 after acquiring an additional 45,866 shares during the last quarter. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Trading Down 0.1%

Shares of WPP stock opened at $19.04 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $17.96 and a 200 day moving average price of $18.36. WPP has a fifty-two week low of $14.81 and a fifty-two week high of $29.71.

About WPP

(Get Free Report)

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.

Read More

• Five stocks we like better than WPP
• Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
• Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
• Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
• 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.