Wpp Plc (NYSE:WPP - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 576,004 shares were traded 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.
Analyst Upgrades and Downgrades
Several analysts have recently commented on WPP shares. The Goldman Sachs Group started coverage on WPP in a report on Wednesday, March 26th. They set a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of WPP in a report on Thursday, July 10th. Barclays reiterated an "underweight" rating on shares of WPP in a report on Thursday, July 10th. Finally, Wall Street Zen lowered WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on WPP
WPP Stock Performance
The firm has a fifty day moving average price of $36.94 and a 200 day moving average price of $40.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $6.02 billion, a PE ratio of 4.68 and a beta of 1.00.
Hedge Funds Weigh In On WPP
Hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of WPP by 52,800.0% in the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock valued at $27,000 after acquiring an additional 528 shares during the period. Brooklyn Investment Group grew its position in WPP by 3,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,917 shares of the business services provider's stock worth $73,000 after purchasing an additional 1,863 shares during the period. Quantbot Technologies LP acquired a new stake in WPP during the 1st quarter worth about $75,000. Russell Investments Group Ltd. grew its position in WPP by 57.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock worth $111,000 after purchasing an additional 787 shares during the period. Finally, NewEdge Advisors LLC grew its position in WPP by 160.7% during the 4th quarter. NewEdge Advisors LLC now owns 3,368 shares of the business services provider's stock worth $173,000 after purchasing an additional 2,076 shares during the period. 4.34% of the stock is owned by institutional investors and hedge funds.
WPP Company Profile
(
Get Free Report)
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.
Further Reading
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