Wpp Plc (NYSE:WPP) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Wpp Plc (NYSE:WPP - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts recently issued reports on WPP shares. Wall Street Zen downgraded shares of WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of WPP in a report on Thursday. Barclays restated an "underweight" rating on shares of WPP in a report on Thursday. Finally, The Goldman Sachs Group initiated coverage on shares of WPP in a research note on Wednesday, March 26th. They issued a "neutral" rating for the company.

Hedge Funds Weigh In On WPP

Large investors have recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of WPP by 52,800.0% in the fourth quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock worth $27,000 after purchasing an additional 528 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of WPP by 3,450.0% in the first 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 in the last quarter. Quantbot Technologies LP bought a new position in shares of WPP in the first quarter valued at approximately $75,000. Russell Investments Group Ltd. boosted its position in shares of WPP by 57.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock valued at $111,000 after acquiring an additional 787 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of WPP by 160.7% in the fourth quarter. NewEdge Advisors LLC now owns 3,368 shares of the business services provider's stock valued at $173,000 after acquiring an additional 2,076 shares during the period. Hedge funds and other institutional investors own 4.34% of the company's stock.

WPP Stock Performance

NYSE WPP traded down $1.30 during trading hours on Thursday, reaching $28.01. 975,540 shares of the company were exchanged, compared to its average volume of 251,784. WPP has a 1 year low of $27.98 and a 1 year high of $57.37. The business's 50 day simple moving average is $37.38 and its 200-day simple moving average is $40.78. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $6.04 billion, a P/E ratio of 4.69 and a beta of 1.00.

WPP Company Profile

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.