The Wpp Plc (WPP) Given New GBX 2,050 Price Target at HSBC

The Wpp Plc (WPP) Given New GBX 2,050 Price Target at HSBC

Wpp Plc (LON:WPP) had its target price hoisted by HSBC from GBX 1,900 ($23.51) to GBX 2,050 ($25.37) in a report issued on Friday. HSBC currently has a hold rating on the stock.

A number of other equities analysts have also recently weighed in on WPP. JPMorgan Chase & Co. lifted their price target on Wpp Plc from GBX 1,880 ($23.27) to GBX 1,930 ($23.89) and gave the stock an overweight rating in a research note on Wednesday, June 29th. Barclays PLC reissued an overweight rating and issued a GBX 1,800 ($22.28) price target on shares of Wpp Plc in a research note on Monday, July 18th. Liberum Capital reissued a hold rating and issued a GBX 1,800 ($22.28) price target on shares of Wpp Plc in a research note on Wednesday, September 14th. Shore Capital reissued a buy rating on shares of Wpp Plc in a research note on Thursday, August 25th. Finally, Kepler Capital Markets lifted their price target on Wpp Plc from GBX 1,750 ($21.66) to GBX 1,950 ($24.13) and gave the stock a buy rating in a research note on Thursday, August 25th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 1,834.18 ($22.70).

Wpp Plc (LON:WPP) traded down 1.04% on Friday, reaching GBX 1808.00. 2,355,780 shares of the company traded hands. The firm has a 50 day moving average price of GBX 1,798.97 and a 200 day moving average price of GBX 1,675.43. Wpp Plc has a 52-week low of GBX 1,204.00 and a 52-week high of GBX 1,875.00. The stock’s market capitalization is GBX 23.21 billion.

The company also recently disclosed a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 19.55 ($0.24) per share. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, October 6th.

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