Wpp Plc (NYSE:WPP) Receives Consensus Recommendation of “Reduce” from Brokerages

by · The Cerbat Gem

Shares of Wpp Plc (NYSE:WPP – Get Free Report) have received an average recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts recently weighed in on WPP shares. Wall Street Zen downgraded shares of WPP from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Zacks Research downgraded WPP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WPP in a research note on Wednesday, October 8th.

View Our Latest Stock Analysis on WPP

WPP Stock Performance

NYSE WPP opened at $22.05 on Friday. WPP has a 52 week low of $17.47 and a 52 week high of $56.59. The business has a 50 day moving average price of $21.14 and a 200-day moving average price of $27.00.

Institutional Trading of WPP

Large investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC bought a new position in shares of WPP during the second quarter valued at approximately $1,560,000. Vestmark Advisory Solutions Inc. boosted its position in shares of WPP by 101.0% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 34,978 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 17,576 shares in the last quarter. Creative Planning grew its stake in shares of WPP by 83.3% in the 2nd quarter. Creative Planning now owns 32,594 shares of the business services provider’s stock worth $1,141,000 after buying an additional 14,816 shares during the last quarter. Envestnet Asset Management Inc. increased its position in WPP by 26.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 166,489 shares of the business services provider’s stock valued at $5,829,000 after buying an additional 34,737 shares in the last quarter. Finally, Brandes Investment Partners LP raised its stake in WPP by 12.2% during the second quarter. Brandes Investment Partners LP now owns 626,371 shares of the business services provider’s stock valued at $21,930,000 after buying an additional 68,271 shares during the last quarter. Institutional investors own 4.34% of the company’s stock.

About WPP

(Get Free Report)

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.

Featured Stories