Credit Suisse Group Increases WPP (NYSE:WPP) Price Target to GBX 1,210

WPP (NYSE:WPPGet Rating) had its price objective raised by Credit Suisse Group from GBX 1,200 ($15.29) to GBX 1,210 ($15.42) in a report published on Thursday, The Fly reports.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group lowered WPP from a buy rating to a neutral rating in a research note on Sunday, April 10th. Berenberg Bank upped their target price on shares of WPP from GBX 1,045 ($13.32) to GBX 1,185 ($15.10) in a research report on Tuesday, March 1st. JPMorgan Chase & Co. lifted their price target on shares of WPP from GBX 1,280 ($16.31) to GBX 1,330 ($16.95) in a research report on Thursday. Oddo Bhf downgraded shares of WPP from an outperform rating to a neutral rating in a research note on Tuesday, January 25th. Finally, Zacks Investment Research cut shares of WPP from a hold rating to a sell rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, WPP presently has a consensus rating of Hold and a consensus price target of $778.00.

Shares of WPP opened at $62.50 on Thursday. The business’s fifty day moving average price is $66.86 and its two-hundred day moving average price is $72.02. WPP has a 52 week low of $58.82 and a 52 week high of $83.69.

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 10th will be paid a $1.2505 dividend. This represents a yield of 3%. The ex-dividend date is Thursday, June 9th. This is an increase from WPP’s previous semi-annual dividend of $0.87.

Several hedge funds and other institutional investors have recently made changes to their positions in WPP. Morgan Stanley increased its position in shares of WPP by 6.3% in the 2nd quarter. Morgan Stanley now owns 51,753 shares of the business services provider’s stock valued at $3,508,000 after buying an additional 3,062 shares in the last quarter. Raymond James & Associates bought a new stake in shares of WPP in the third quarter worth about $6,524,000. Advisor Group Holdings Inc. raised its position in shares of WPP by 22.3% during the third quarter. Advisor Group Holdings Inc. now owns 6,835 shares of the business services provider’s stock worth $458,000 after purchasing an additional 1,244 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of WPP by 50.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 692 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 231 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of WPP by 0.3% in the 3rd quarter. BlackRock Inc. now owns 464,340 shares of the business services provider’s stock valued at $31,130,000 after purchasing an additional 1,448 shares during the period. 4.07% of the stock is currently owned by institutional investors.

WPP Company Profile (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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