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

Shares of Wpp Plc (NYSE:WPP - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

WPP has been the topic of a number of research analyst reports. Wall Street Zen downgraded WPP from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays restated an "underweight" rating on shares of WPP in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of WPP in a research note on Thursday, July 10th. Finally, Kepler Capital Markets downgraded WPP from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

WPP Price Performance

WPP stock opened at $26.75 on Monday. The company has a market capitalization of $5.77 billion, a P/E ratio of 4.48 and a beta of 1.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.88. WPP has a 52-week low of $26.62 and a 52-week high of $57.37. The business has a 50-day simple moving average of $33.87 and a two-hundred day simple moving average of $38.63.

Institutional Investors Weigh In On WPP

A number of hedge funds and other institutional investors have recently bought and sold shares of WPP. Assetmark Inc. raised its holdings in WPP by 88.3% during the 1st quarter. Assetmark Inc. now owns 996 shares of the business services provider's stock valued at $38,000 after acquiring an additional 467 shares during the period. Blue Trust Inc. grew its position in shares of WPP by 41.9% during the 2nd quarter. Blue Trust Inc. now owns 1,990 shares of the business services provider's stock valued at $70,000 after purchasing an additional 588 shares in the last quarter. Brooklyn Investment Group grew its position in shares of WPP by 3,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,917 shares of the business services provider's stock valued at $73,000 after purchasing an additional 1,863 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of WPP during the 1st quarter valued at $75,000. Finally, Russell Investments Group Ltd. grew its position in shares of WPP by 57.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock valued at $111,000 after purchasing an additional 787 shares in the last quarter. 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.

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