Shore Capital reaffirmed their buy rating on shares of WPP (LON:WPP – Free Report) in a report issued on Wednesday morning, MarketBeat Ratings reports.
A number of other equities analysts also recently commented on WPP. Deutsche Bank Aktiengesellschaft decreased their price target on WPP from GBX 998 ($12.75) to GBX 990 ($12.65) and set a buy rating for the company in a research note on Friday, June 28th. Citigroup reaffirmed a buy rating on shares of WPP in a report on Friday, June 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 920 ($11.76).
WPP Stock Down 5.3 %
WPP Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a GBX 15 ($0.19) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 2.09%. WPP’s payout ratio is currently 20,526.32%.
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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