Wpp Plc (NYSE:WPP) Given Average Rating of “Hold” by Analysts

Shares of Wpp Plc (NYSE:WPP) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the company. Citigroup started coverage on WPP in a research note on Monday, January 12th. They issued a “neutral” rating for the company. Wall Street Zen upgraded WPP from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research raised WPP from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a research report on Wednesday, January 21st. Finally, Barclays upgraded WPP from an “underweight” rating to an “equal weight” rating in a research report on Friday, February 27th.

WPP Price Performance

NYSE WPP opened at $15.14 on Tuesday. The firm has a 50-day moving average price of $18.94 and a two-hundred day moving average price of $21.32. WPP has a 12-month low of $14.81 and a 12-month high of $41.01.

Hedge Funds Weigh In On WPP

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of WPP by 185.0% in the 4th quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock valued at $28,000 after buying an additional 814 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of WPP during the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its stake in WPP by 323.9% in the third 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 last quarter. Global Retirement Partners LLC raised its position in WPP by 1,279.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in WPP by 184.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,889 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 1,225 shares in the last quarter. 4.34% of the stock is owned by institutional investors.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.