WPP (WPP) Now Covered by Analysts at Moffett Nathanson

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Moffett Nathanson assumed coverage on shares of WPP (NYSE:WPP) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating on the business services provider’s stock.

A number of other brokerages also recently weighed in on WPP. Berenberg Bank downgraded WPP from a hold rating to a sell rating in a research note on Tuesday, June 5th. ValuEngine downgraded WPP from a sell rating to a strong sell rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded WPP from a buy rating to a sell rating in a research note on Friday, May 4th. Pivotal Research downgraded WPP from a buy rating to a hold rating in a research note on Tuesday, February 20th. Finally, Investec downgraded WPP from a hold rating to a sell rating in a research note on Friday, March 2nd. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $107.00.

Shares of NYSE WPP opened at $79.87 on Tuesday. WPP has a twelve month low of $76.68 and a twelve month high of $107.27. The company has a market capitalization of $20.23 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63.

Several large investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC bought a new stake in shares of WPP in the 1st quarter worth approximately $108,000. Quadrant Capital Group LLC bought a new stake in shares of WPP in the 1st quarter worth approximately $102,000. Neuburgh Advisers LLC bought a new stake in shares of WPP in the 1st quarter worth approximately $173,000. Riverhead Capital Management LLC bought a new stake in shares of WPP in the 1st quarter worth approximately $191,000. Finally, Hall Laurie J Trustee bought a new stake in shares of WPP in the 1st quarter worth approximately $197,000. 5.30% of the stock is currently owned by institutional investors.

About WPP

WPP plc provides various communications 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. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

Analyst Recommendations for WPP (NYSE:WPP)

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