WPP (NYSE:WPP) PT Raised to GBX 1,330 at JPMorgan Chase & Co.

WPP (NYSE:WPPGet Rating) had its price target hoisted by JPMorgan Chase & Co. from GBX 1,280 ($16.31) to GBX 1,330 ($16.95) in a report published on Thursday morning, The Fly reports.

Several other research firms have also recently commented on WPP. Barclays cut WPP from an overweight rating to an equal weight rating in a research note on Monday, March 14th. Credit Suisse Group boosted their price target on shares of WPP from GBX 1,155 ($14.72) to GBX 1,200 ($15.29) in a research report on Friday, February 25th. The Goldman Sachs Group cut WPP from a buy rating to a neutral rating in a report on Sunday, April 10th. Bank of America lowered WPP from a neutral rating to an underperform rating and set a $75.00 target price on the stock. in a report on Thursday, January 27th. Finally, Berenberg Bank boosted their price target on WPP from GBX 1,045 ($13.32) to GBX 1,185 ($15.10) in a research report on Tuesday, March 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $778.00.

Shares of NYSE WPP opened at $62.50 on Thursday. The company has a fifty day moving average price of $66.86 and a 200 day moving average price of $72.02. WPP has a 1-year low of $58.82 and a 1-year high of $83.69.

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

A number of large investors have recently added to or reduced their stakes in the stock. FSB Premier Wealth Management Inc. bought a new position in WPP during the 4th quarter worth $32,000. CWM LLC bought a new position in shares of WPP in the fourth quarter worth $37,000. Liberty Wealth Management LLC acquired a new position in shares of WPP in the 3rd quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. lifted its stake in WPP by 100.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $48,000 after purchasing an additional 320 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in WPP by 50.1% during the third quarter. JFS Wealth Advisors LLC now owns 692 shares of the business services provider’s stock worth $46,000 after acquiring an additional 231 shares in the last quarter. 4.07% of the stock is currently owned by institutional investors and hedge funds.

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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