WPP PLC (WPPGY) Downgraded by BidaskClub

BidaskClub lowered shares of WPP PLC (NASDAQ:WPPGY) from a hold rating to a sell rating in a report released on Tuesday.

Several other brokerages have also recently weighed in on WPPGY. Wedbush dropped their price target on shares of WPP PLC from $138.00 to $130.00 and set an outperform rating on the stock in a research note on Monday, March 6th. Zacks Investment Research cut shares of WPP PLC from a buy rating to a hold rating in a research note on Monday, March 6th. Wells Fargo & Company reiterated a hold rating on shares of WPP PLC in a research note on Wednesday, April 12th. Finally, ValuEngine cut shares of WPP PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. WPP PLC presently has a consensus rating of Hold and a consensus price target of $127.00.

Shares of WPP PLC (NASDAQ:WPPGY) opened at 105.52 on Tuesday. WPP PLC has a one year low of $96.94 and a one year high of $121.55. The firm’s 50-day moving average is $109.54 and its 200-day moving average is $110.62. The company has a market cap of $26.74 billion, a PE ratio of 15.43 and a beta of 1.19.

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Hedge funds have recently made changes to their positions in the stock. Ellington Management Group LLC purchased a new stake in shares of WPP PLC during the fourth quarter valued at approximately $232,000. Private Advisor Group LLC purchased a new stake in shares of WPP PLC during the fourth quarter valued at approximately $234,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WPP PLC during the fourth quarter valued at approximately $244,000. First Allied Advisory Services Inc. increased its stake in shares of WPP PLC by 19.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 2,329 shares of the business services provider’s stock valued at $258,000 after buying an additional 372 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of WPP PLC during the fourth quarter valued at approximately $266,000. Hedge funds and other institutional investors own 3.97% of the company’s stock.

WPP PLC Company Profile

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

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