WPP (NYSE:WPP) Rating Increased to Neutral at Exane BNP Paribas

WPP (NYSE:WPP) was upgraded by Exane BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Monday, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. BNP Paribas upgraded shares of WPP from an “underperform” rating to a “neutral” rating in a research report on Monday. Credit Suisse Group reiterated an “underperform” rating on shares of WPP in a research report on Friday, December 18th. Bank of America upgraded shares of WPP from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 17th. Zacks Investment Research lowered shares of WPP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of WPP in a research note on Friday, December 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold”.

Shares of WPP stock opened at $55.56 on Monday. The stock has a market capitalization of $13.62 billion, a P/E ratio of 11.13 and a beta of 1.40. The company has a 50-day simple moving average of $53.13 and a 200 day simple moving average of $44.07. WPP has a 12-month low of $27.18 and a 12-month high of $69.33.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in WPP by 361.0% in the second quarter. FMR LLC now owns 708,970 shares of the business services provider’s stock valued at $27,742,000 after buying an additional 555,181 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in WPP by 59.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 314,440 shares of the business services provider’s stock worth $12,339,000 after acquiring an additional 117,687 shares during the last quarter. Aperio Group LLC boosted its position in WPP by 11.5% during the third quarter. Aperio Group LLC now owns 298,323 shares of the business services provider’s stock worth $11,706,000 after acquiring an additional 30,694 shares during the last quarter. Wells Fargo & Company MN boosted its position in WPP by 109.4% during the third quarter. Wells Fargo & Company MN now owns 171,563 shares of the business services provider’s stock worth $6,732,000 after acquiring an additional 89,645 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in WPP by 84.2% during the third quarter. Jane Street Group LLC now owns 155,093 shares of the business services provider’s stock worth $6,092,000 after acquiring an additional 70,894 shares during the last quarter. 3.83% of the stock is currently owned by hedge funds and other institutional investors.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, Asia Pacific, Latin America, Africa, Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.

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