Analysts Set WPP plc (LON:WPP) Price Target at GBX 946.67

Shares of WPP plc (LON:WPP) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 946.67 ($12.28).

A number of research analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. Citigroup restated a “buy” rating on shares of WPP in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.84) to GBX 950 ($12.32) and set a “buy” rating on the stock in a research report on Friday, August 9th.

WPP Stock Up 1.8 %

WPP stock opened at GBX 828.20 ($10.74) on Thursday. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of £8.94 billion, a PE ratio of 4,358.95, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a fifty-two week low of GBX 678.80 ($8.80) and a fifty-two week high of GBX 856.80 ($11.11). The firm’s 50-day simple moving average is GBX 765.32 and its 200 day simple moving average is GBX 765.27.

WPP Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a GBX 15 ($0.19) dividend. This represents a yield of 2.09%. The ex-dividend date was Thursday, October 10th. WPP’s dividend payout ratio (DPR) is currently 20,526.32%.

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.