Wpp Plc (NYSE:WPP) Given Consensus Rating of “Hold” by Analysts

Shares of Wpp Plc (NYSE:WPP) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company.

A number of analysts recently commented on the company. Goldman Sachs Group reaffirmed a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Barclays raised WPP from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 29th. Deutsche Bank assumed coverage on Intuitive Surgical in a research report on Monday, April 1st. They issued a “buy” rating and a $630.00 target price for the company. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday.

Shares of WPP stock traded down $0.81 during trading hours on Friday, reaching $57.56. The company had a trading volume of 343,734 shares, compared to its average volume of 149,852. WPP has a 12 month low of $50.31 and a 12 month high of $84.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $61.48. The company has a market capitalization of $15.56 billion, a P/E ratio of 7.98 and a beta of 1.05.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC grew its position in shares of WPP by 861.2% in the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 422 shares in the last quarter. Semmax Financial Advisors Inc. bought a new stake in WPP during the fourth quarter valued at $35,000. Asset Dedication LLC bought a new stake in WPP during the first quarter valued at $37,000. Quadrant Capital Group LLC boosted its stake in WPP by 16.8% during the first quarter. Quadrant Capital Group LLC now owns 2,525 shares of the business services provider’s stock valued at $125,000 after buying an additional 363 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in WPP during the second quarter valued at $200,000. Institutional investors own 4.04% of the company’s stock.

WPP Company Profile

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Analyst Recommendations for WPP (NYSE:WPP)

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