Wpp Plc (NYSE:WPP) Given Consensus Recommendation 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 research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts have recently commented on WPP shares. Barclays restated an "underweight" rating on shares of WPP in a report on Thursday. Wall Street Zen downgraded WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group started coverage on WPP in a report on Wednesday, March 26th. They set a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of WPP in a report on Thursday.

WPP Trading Down 2.8%

WPP stock traded down $0.83 during mid-day trading on Thursday, reaching $28.48. The company's stock had a trading volume of 260,873 shares, compared to its average volume of 247,788. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 4.77 and a beta of 1.00. The business's 50 day moving average price is $37.60 and its 200 day moving average price is $41.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. WPP has a 12 month low of $28.08 and a 12 month high of $57.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WPP. Assetmark Inc. boosted its position in shares of WPP by 52,800.0% during the fourth 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 last quarter. Brooklyn Investment Group boosted its position 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 valued at $73,000 after buying an additional 1,863 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of WPP during the first quarter valued at approximately $75,000. Russell Investments Group Ltd. boosted its position 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 valued at $111,000 after buying an additional 787 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position 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 valued at $173,000 after buying an additional 2,076 shares during the last quarter. Hedge funds and other institutional investors own 4.34% of the company's stock.

About WPP

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.