JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Wpp Plc (LON:WPP) in a research note issued to investors on Tuesday morning, Analyst Ratings.Net reports.
In related news, insider Li Ruigang bought 4,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was acquired at an average price of GBX 1,351 ($20.69) per share, for a total transaction of £54,040 ($82,769.18). Also, insider Aigrain,Jacques bought 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of GBX 1,346 ($20.62) per share, with a total value of £67,300 ($103,078.57).
A number of other research analysts have also weighed in on WPP. Sanford C. Bernstein reaffirmed an outperform rating and issued a GBX 1,850 ($28.34) target price on shares of Wpp Plc in a research note on Wednesday, July 1st. BNP Paribas reissued an outperform rating and set a GBX 1,900 ($29.10) price objective on shares of Wpp Plc in a research report on Thursday, July 2nd. Nomura reaffirmed a buy rating and issued a GBX 1,700 ($26.04) target price on shares of Wpp Plc in a research report on Friday, July 3rd. Goldman Sachs reiterated a buy rating and issued a GBX 1,717 ($26.30) price objective on shares of Wpp Plc in a research note on Friday, July 3rd. Finally, Credit Suisse restated an outperform rating and set a GBX 1,650 ($25.27) target price on shares of Wpp Plc in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 1,566.19 ($23.99).
Shares of Wpp Plc (LON:WPP) opened at 1448.00 on Tuesday. Wpp Plc has a 52-week low of GBX 1,171.00 and a 52-week high of GBX 1,616.00. The stock has a 50 day moving average of GBX 1,385.08 and a 200 day moving average of GBX 1,459.40. The stock’s market capitalization is GBX 18.75 billion.
The firm also recently disclosed a dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 8th will be issued a dividend of GBX 15.91 ($0.24) per share. This represents a yield of 1.21%. The ex-dividend date is Thursday, October 8th.
WPP plc (LON:WPP) runs in four segments: Marketing and Media Investment Management; Consumer Penetration; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it manages advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network. WPP ‘s Ogilvy & Mather acquired 70% interest In July 2012, WPP announced that its advertising agency network, JWT, got a majority interest in Activeark Oy, a full-service digital agency in Finland. In July 2012, its fully owned company, Millward Brown, obtained Cadem Advertising S.A.; its Commarco GmbH acquired a majority interest in KKLD* GmbH, and WPP Digital obtained a majority position in Acceleration Holdings Ltd and Acceleration eMarketing (Pty) Limited. In August 2012, its international operating network, Possible Global, acquired a majority stake in Fortune Cookie (UK) Limited.
