WPP plc (LON:WPP – Get Free Report) declared a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.19) per share on Friday, November 1st. This represents a dividend yield of 2.09%. The ex-dividend date is Thursday, October 10th. The official announcement can be accessed at this link.
WPP Price Performance
Shares of WPP stock opened at GBX 697 ($8.91) on Wednesday. The stock has a market capitalization of £7.53 billion, a price-to-earnings ratio of 6,970.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11. The company has a fifty day moving average of GBX 749.53 and a 200-day moving average of GBX 762.01. WPP has a 52-week low of GBX 656 ($8.38) and a 52-week high of GBX 856.80 ($10.95). The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86.
Analysts Set New Price Targets
WPP has been the topic of a number of recent research reports. Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Wednesday. Citigroup restated a “buy” rating on shares of WPP in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on WPP from GBX 998 ($12.75) to GBX 990 ($12.65) and set a “buy” rating for the company in a research report on Friday, June 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 920 ($11.76).
WPP Company Profile
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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