WPP’s (WPP) “Buy” Rating Reiterated at Citigroup

Citigroup reiterated their buy rating on shares of WPP (LON:WPP) in a research report sent to investors on Thursday, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the stock. Shore Capital restated a buy rating on shares of WPP in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WPP from GBX 990 ($13.02) to GBX 950 ($12.49) and set a buy rating on the stock in a report on Friday, August 9th. 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 data from MarketBeat.com, WPP has an average rating of Moderate Buy and a consensus price target of GBX 910 ($11.97).

WPP Stock Down 1.0 %

Shares of LON:WPP opened at GBX 739.20 ($9.72) on Thursday. The stock’s 50-day moving average price is GBX 723.78 and its 200-day moving average price is GBX 752.25. WPP has a 12-month low of GBX 656 ($8.63) and a 12-month high of GBX 856.80 ($11.27). The stock has a market capitalization of £7.98 billion, a P/E ratio of 3,890.53, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.20) per share. The ex-dividend date is Thursday, October 10th. This represents a yield of 2.09%. WPP’s dividend payout ratio (DPR) is 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.