Analysts Set Wpp Plc (LON:WPP) Price Target at $1942.37

Paterniano Del Favero
Agosto 6, 2017

Capital One National Association purchased a new position in shares of Wpp Plc during the second quarter valued at approximately $244,000.

WPP has been the topic of several other research reports. Renaissance Technologies LLC raised its position in Wpp Plc by 63.3% in the fourth quarter. Nuveen Asset Management LLC now owns 8,294 shares of the business services provider's stock worth $901,000 after buying an additional 285 shares during the period. Shore Capital cut Wpp Plc to a hold rating in a report on Tuesday, June 27th. Accern also assigned media headlines about the business services provider an impact score of 46.041653252592 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. Geode Capital Management LLC now owns 12,846 shares of the business services provider's stock worth $1,405,000 after buying an additional 1,332 shares during the period. Finally, Huntington National Bank boosted its stake in WPP PLC by 62.6% in the second quarter. The institutional investor owned 68,134 shares of the business services provider's stock after selling 25,826 shares during the period.

In other Wpp Plc news, insider Roberto Quarta purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 17th.

Finally, Simplex Trading LLC raised its position in shares of WPP PLC by 58.6% in the second quarter. Mawer Investment Management Ltd. now owns 89,604 shares of the business services provider's stock valued at $9,445,000 after buying an additional 2,647 shares during the period. The stock has a 50 day moving average of $103.81 and a 200 day moving average of $108.99. Wpp Plc has a 12-month low of GBX 1,544.00 and a 12-month high of GBX 1,928.07. The company's market capitalization is GBX 19.89 billion. The original version of this report can be viewed at https://transcriptdaily.com/2017/08/05/stratos-wealth-partners-ltd-takes-position-in-wpp-plc-wppgy.html.

NGAM Advisors L.P. reduced its stake in Wpp Plc (NASDAQ:WPPGY) by 27.5% during the second quarter, according to its most recent Form 13F filing with the SEC.

COPYRIGHT VIOLATION WARNING: "Wpp Plc (WPP) Receives GBX 1,942.37 Average Target Price from Brokerages" was reported by BBNS and is the property of of BBNS. Zacks Investment Research upgraded Wpp Plc from a "sell" rating to a "hold" rating in a research report on Monday, April 24th. UBS AG began coverage on WPP PLC in a research report on Tuesday, June 13th. Zacks Investment Research raised Wpp Plc from a "hold" rating to a "buy" rating and set a $124.00 target price for the company in a research report on Friday, May 19th. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Wpp Plc in a research note on Friday, April 28th. Seven analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The company presently has a consensus rating of Buy and an average price target of GBX 1,939.29 ($25.58).

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications.

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