WPP PLC (NYSE:WPP - Get Free Report) shares saw strong trading volume on Tuesday . 576,004 shares traded hands during trading, an increase of 125% from the previous session's volume of 255,552 shares.The stock last traded at $28.24 and had previously closed at $27.72.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Wall Street Zen cut WPP from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays reiterated an "underweight" rating on shares of WPP in a research report on Thursday, July 10th. The Goldman Sachs Group assumed coverage on WPP in a research report on Wednesday, March 26th. They set a "neutral" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of WPP in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on WPP
WPP Stock Down 0.2%
The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 4.66 and a beta of 1.00. The stock has a fifty day moving average of $36.50 and a 200-day moving average of $40.19.
Hedge Funds Weigh In On WPP
A number of hedge funds have recently modified their holdings of the stock. Range Financial Group LLC acquired a new position in shares of WPP in the 2nd quarter worth $1,560,000. Jane Street Group LLC boosted its position in shares of WPP by 49.0% in the first quarter. Jane Street Group LLC now owns 66,463 shares of the business services provider's stock worth $2,523,000 after buying an additional 21,866 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WPP in the first quarter worth $327,000. Graham Capital Management L.P. boosted its position in shares of WPP by 82.2% in the first quarter. Graham Capital Management L.P. now owns 30,916 shares of the business services provider's stock worth $1,174,000 after buying an additional 13,949 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of WPP by 8.0% in the first quarter. Vident Advisory LLC now owns 6,194 shares of the business services provider's stock worth $235,000 after buying an additional 459 shares during the period. 4.34% of the stock is currently owned by institutional investors and hedge funds.
About WPP
(
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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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