WPP’s (WPP) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of WPP (LON:WPP) in a report issued on Wednesday morning, Marketbeat Ratings reports.

WPP has been the subject of a number of other reports. Citigroup reissued a “buy” rating on shares of WPP in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 946.67 ($12.29).

WPP Stock Down 0.9 %

Shares of LON:WPP opened at GBX 822.60 ($10.68) on Wednesday. The company has a market capitalization of £8.88 billion, a price-to-earnings ratio of 4,329.47, a PEG ratio of 13.47 and a beta of 1.13. WPP has a 12-month low of GBX 656 ($8.52) and a 12-month high of GBX 856.80 ($11.12). The business has a 50-day moving average price of GBX 753.63 and a 200 day moving average price of GBX 762.71. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.19) per share. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, October 10th. WPP’s dividend payout ratio is presently 20,526.32%.

WPP Company Profile

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.