|Bid||67.15 x 800|
|Ask||67.20 x 800|
|Day's Range||67.06 - 68.43|
|52 Week Range||31.71 - 68.43|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.30 (1.93%)|
|Ex-Dividend Date||Oct 08, 2020|
|1y Target Est||N/A|
S4 Capital upgraded its full-year revenues outlook after a strong first quarter. It now expects 30% like-for-like revenue, up from a previous forecast of 25%, and expects gross profit growth this year.
Rating Action: Moody's changes WPP's outlook to stable from negativeGlobal Credit Research - 28 Apr 2021London, 28 April 2021 -- Moody's Investors Service, ("Moody's") has today changed to stable from negative the outlook on the senior unsecured ratings at the subsidiaries of WPP Plc (WPP) and also assigned a Baa2 issuer rating to WPP Plc. Concurrently, Moody's has also affirmed the Baa2 guaranteed senior unsecured debt ratings as well as the (P)Baa2 guaranteed senior unsecured MTN programme ratings of WPP Plc's guaranteed subsidiaries where applicable (WPP Finance 2013, WPP Finance 2016, WPP Finance 2017, WPP Finance 2010, WPP Finance S.A. and WPP Finance Deutschland GmbH). Moody's has also affirmed the Prime-2 (P-2) short term ratings of WPP Plc's guaranteed subsidiaries (WPP CP Finance Plc and WPP CP LLC)."The change of rating outlook from negative to stable reflects the better than expected operational performance of WPP during the 2020 coronavirus crisis, particularly on cash generation supported by its timely cost control measures as well as its proactive liquidity management", says Gunjan Dixit, Moody's Vice President -- Senior Credit Officer and lead analyst for WPP."We expect WPP to achieve mid-single digit growth in organic net sales with a reported headline operating margin of 13.5%-14.0% in 2021, which should result in healthy credit metrics in line with the perimeters defined for its Baa2 rating" adds Ms. Dixit.A full list of affected ratings is provided at the end of the press release.RATINGS RATIONALEWPP organic net sales declined by -8.2% in 2020 and its reported headline operating margin dipped to 12.9% (compared to 14.4% in 2019).
European markets were higher on Wednesday morning as investors await the latest interest rate decision from the US Federal Reserve.