WPP (LON:WPP) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of WPP (LON:WPP) in a research report sent to investors on Wednesday, MarketBeat.com reports.

WPP has been the subject of a number of other research reports. 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. Citigroup restated a buy rating on shares of WPP in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 920 ($11.76).

WPP Stock Performance

LON:WPP opened at GBX 678.80 ($8.67) on Wednesday. WPP has a 1-year low of GBX 656 ($8.38) and a 1-year high of GBX 856.80 ($10.95). The firm has a 50 day simple moving average of GBX 741.90 and a 200-day simple moving average of GBX 760.71. The firm has a market cap of £7.33 billion, a PE ratio of 3,572.63, a P/E/G ratio of 13.47 and a beta of 1.14. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89.

WPP Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a GBX 15 ($0.19) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 2.09%. WPP’s dividend 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.