WPP plc (NYSE:WPP) Receives Average Rating of “Reduce” from Brokerages

Shares of WPP plc (NYSE:WPPGet Free Report) have been given an average rating of “Reduce” by the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.00.

Separately, StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, May 20th.

Check Out Our Latest Research Report on WPP

WPP Price Performance

WPP opened at $47.90 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average price is $50.54 and its two-hundred day moving average price is $48.29. WPP has a 1 year low of $41.13 and a 1 year high of $57.30.

Hedge Funds Weigh In On WPP

A number of hedge funds and other institutional investors have recently made changes to their positions in WPP. HighTower Advisors LLC boosted its holdings in shares of WPP by 33.3% in the 3rd quarter. HighTower Advisors LLC now owns 18,244 shares of the business services provider’s stock worth $813,000 after buying an additional 4,562 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of WPP by 27.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 132,379 shares of the business services provider’s stock worth $5,901,000 after buying an additional 28,439 shares during the last quarter. FMR LLC boosted its holdings in shares of WPP by 7.1% in the 3rd quarter. FMR LLC now owns 972,751 shares of the business services provider’s stock worth $43,365,000 after buying an additional 64,087 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of WPP by 1.8% in the 3rd quarter. Brandes Investment Partners LP now owns 383,698 shares of the business services provider’s stock worth $17,105,000 after buying an additional 6,837 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of WPP by 5.2% in the 3rd quarter. Mariner LLC now owns 45,591 shares of the business services provider’s stock worth $2,032,000 after buying an additional 2,261 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for WPP (NYSE:WPP)

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