Wpp Plc (NYSE:WPP) Receives Consensus Rating of “Reduce” from Analysts

Wpp Plc (NYSE:WPP) has been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company.

A number of equities analysts recently commented on the company. Zacks Research lowered WPP from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of WPP in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of WPP from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st.

Institutional Investors Weigh In On WPP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of WPP during the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. lifted its position in WPP by 323.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,111 shares during the period. Osaic Holdings Inc. boosted its stake in WPP by 105.8% during the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after acquiring an additional 717 shares in the last quarter. Rothschild Investment LLC grew its holdings in WPP by 47.7% in the third quarter. Rothschild Investment LLC now owns 2,038 shares of the business services provider’s stock worth $51,000 after purchasing an additional 658 shares during the period. Finally, Traub Capital Management LLC bought a new position in shares of WPP during the second quarter valued at approximately $52,000. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Stock Performance

Shares of NYSE:WPP opened at $19.34 on Friday. The stock’s 50-day moving average is $21.42 and its 200 day moving average is $27.43. WPP has a 1 year low of $17.47 and a 1 year high of $57.37.

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.