WPP’s (WPP) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of WPP (LON:WPPGet Rating) in a report published on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 1,280 ($16.65) target price on the stock.

A number of other analysts have also commented on the company. UBS Group set a GBX 1,550 ($20.17) price target on WPP in a research note on Friday, January 14th. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 950 ($12.36) price objective on shares of WPP in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 1,400 ($18.21) price objective on shares of WPP in a research note on Friday, February 25th. Shore Capital reaffirmed a buy rating on shares of WPP in a research note on Thursday, February 24th. Finally, The Goldman Sachs Group set a GBX 1,450 ($18.87) price objective on WPP in a research note on Thursday, January 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of GBX 1,259.80 ($16.39).

Shares of WPP stock opened at GBX 1,011.50 ($13.16) on Thursday. The business’s 50-day moving average price is GBX 1,036.87 and its 200-day moving average price is GBX 1,076.36. WPP has a 12 month low of GBX 868.80 ($11.30) and a 12 month high of GBX 1,231.50 ($16.02). The firm has a market capitalization of £11.20 billion and a price-to-earnings ratio of 19.27. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 167.75.

The firm also recently announced a dividend, which will be paid on Friday, July 8th. Shareholders of record on Thursday, June 9th will be issued a GBX 18.70 ($0.24) dividend. This is an increase from WPP’s previous dividend of $12.50. This represents a yield of 1.59%. The ex-dividend date of this dividend is Thursday, June 9th. WPP’s payout ratio is presently 59.05%.

In other news, insider Thomas Ilube acquired 1,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was purchased at an average price of GBX 1,033 ($13.44) per share, for a total transaction of £10,330 ($13,440.02). Also, insider John Rogers sold 105,949 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of GBX 1,045 ($13.60), for a total value of £1,107,167.05 ($1,440,498.37).

About WPP (Get Rating)

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.

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