Credit Suisse Group Reaffirms Restricted Rating for WPP (LON:WPP)

Credit Suisse Group reissued their restricted rating on shares of WPP (LON:WPP) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.

WPP has been the subject of a number of other reports. Liberum Capital reissued a buy rating on shares of WPP in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the company an overweight rating in a report on Friday, August 9th. Deutsche Bank lifted their price target on WPP from GBX 1,070 ($13.98) to GBX 1,090 ($14.24) and gave the company a buy rating in a report on Monday. Barclays reaffirmed an overweight rating and issued a GBX 1,100 ($14.37) price target on shares of WPP in a report on Monday. Finally, Shore Capital reaffirmed a buy rating on shares of WPP in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,104.64 ($14.43).

Shares of LON WPP opened at GBX 937 ($12.24) on Monday. The stock has a market cap of $11.82 billion and a PE ratio of 11.12. The business has a fifty day moving average of GBX 959.29 and a two-hundred day moving average of GBX 917.03. WPP has a 52-week low of GBX 791 ($10.34) and a 52-week high of GBX 1,323.50 ($17.29). The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96.

The firm also recently declared a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 3rd will be issued a GBX 22.70 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 2.33%. WPP’s dividend payout ratio is 0.71%.

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 (LON:WPP)

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