Berenberg Remains Bullish on WPP Plc (WPP)
Key takeaways
- Berenberg Remains Bullish on WPP Plc (WPP) Neha Gupta Wed, June 24, 2026 at 7:45 PM GMT+7 2 min read WPP WPP Plc (NYSE:WPP) is one of the UK stocks with the highest dividends.
- On June 9, Berenberg initiated coverage of WPP Plc (NYSE:WPP) with a Buy rating and a £405 price target.
- Nevertheless, Berenberg expects the new management team to turn around WPP Plc’s fortunes by delivering on a simplification process.
Berenberg Remains Bullish on WPP Plc (WPP) Neha Gupta Wed, June 24, 2026 at 7:45 PM GMT+7 2 min read WPP WPP Plc (NYSE:WPP) is one of the UK stocks with the highest dividends. The company has been paying dividends for over three decades. Currently, it pays a quarterly dividend of about $0.25 a share, translating to a dividend yield of about 5.57%.
On June 9, Berenberg initiated coverage of WPP Plc (NYSE:WPP) with a Buy rating and a £405 price target. The research firm remains bullish on the stock despite the company losing ground in advertising to companies that pushed harder into data technology and other centralized models. Consequently, the company has experienced sales declines, pressured profitability, and a lower market cap.
Nevertheless, Berenberg expects the new management team to turn around WPP Plc’s fortunes by delivering on a simplification process. Wells Fargo expects WPP Plc to return to positive organic sales growth and margin expansion from 2028.