Wpp Plc (NYSE:WPP) Given Average Rating of "Moderate Buy" by Brokerages

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

WPP has been the subject of a number of research reports. Barclays cut WPP from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered WPP from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. The Goldman Sachs Group assumed coverage on WPP in a report on Wednesday, March 26th. They issued a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of WPP in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of WPP by 52,800.0% during the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock valued at $27,000 after buying an additional 528 shares during the period. Brooklyn Investment Group grew its stake in shares of WPP by 3,450.0% during 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 acquired a new position in shares of WPP during the first quarter worth $75,000. Russell Investments Group Ltd. grew its stake in shares of WPP by 57.0% during the fourth 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 in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of WPP by 160.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 4.34% of the company's stock.

WPP Trading Down 0.2%

Shares of WPP traded down $0.06 during mid-day trading on Thursday, reaching $29.29. 765,815 shares of the company were exchanged, compared to its average volume of 246,431. WPP has a 52 week low of $29.12 and a 52 week high of $57.37. 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 capitalization of $6.32 billion, a PE ratio of 4.90 and a beta of 1.00. The business has a 50 day simple moving average of $37.78 and a two-hundred day simple moving average of $41.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.