WPP (LON:WPP) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of WPP (LON:WPP) in a research note released on Thursday, Marketbeat reports.

A number of other equities research analysts have also weighed in on WPP. Barclays reaffirmed an overweight rating and issued a GBX 1,000 ($12.45) price objective on shares of WPP in a report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their price target on WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the stock a neutral rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 1,005.83 ($12.52).

WPP Price Performance

Shares of WPP opened at GBX 768.80 ($9.57) on Thursday. WPP has a twelve month low of GBX 656 ($8.17) and a twelve month high of GBX 965.60 ($12.02). The stock’s 50 day moving average is GBX 738.76 and its two-hundred day moving average is GBX 734.01. The firm has a market capitalization of £8.23 billion, a PE ratio of 7,714.00, a P/E/G ratio of 2.54 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40.

WPP Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 6th will be given a dividend of GBX 24.40 ($0.30) per share. This is an increase from WPP’s previous dividend of $15.00. This represents a dividend yield of 3.13%. The ex-dividend date is Thursday, June 6th. WPP’s payout ratio is currently 39,000.00%.

About WPP

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.