WPP - WPP Share Forecast, Price & News

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. It offers plans and creates marketing and branding campaigns; designs and produces advertisements across various media; and provides media buying services, such as strategy and business development, media investment, data and technology, and content. The company also offers public relations advisory services to clients who are seeking to communicate with a range of stakeholders from consumers to governments and the business and financial communities; and specialist agency services. WPP plc was founded in 1985 and is based in London, the United Kingdom.

WPP Stock Performance

WPP traded down GBX 8.20 ($0.10) during trading on Thursday, hitting GBX 811 ($9.80). The stock had a trading volume of 5,085,504 shares, compared to its average volume of 3,756,866. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 164.86. The firm has a market cap of £8.86 billion and a PE ratio of 1,529.57. The company has a 50 day simple moving average of GBX 827.13 and a 200-day simple moving average of GBX 957.41. WPP has a 12 month low of GBX 753.60 ($9.11) and a 12 month high of GBX 1,231.50 ($14.88).

WPP Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Thursday, October 13th will be given a GBX 15 ($0.18) dividend. The ex-dividend date is Thursday, October 13th. This represents a yield of 1.68%. WPP's dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays reduced their target price on shares of WPP from GBX 1,150 ($13.90) to GBX 950 ($11.48) and set an "equal weight" rating for the company in a report on Monday, August 8th. Morgan Stanley restated an "equal weight" rating and set a GBX 950 ($11.48) target price on shares of WPP in a report on Tuesday, April 26th. Berenberg Bank restated a "hold" rating and set a GBX 915 ($11.06) target price on shares of WPP in a report on Tuesday. Shore Capital restated a "buy" rating on shares of WPP in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of WPP from GBX 1,260 ($15.22) to GBX 1,250 ($15.10) and set an "overweight" rating for the company in a report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 1,210 ($14.62).

Insiders Place Their Bets

In related news, insider Thomas Ilube purchased 1,000 shares of the firm's stock in a transaction on Monday, August 8th. The shares were bought at an average cost of GBX 808 ($9.76) per share, for a total transaction of £8,080 ($9,763.17).