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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  WPP Group    WPP   JE00B8KF9B49

WPP GROUP

(WPP)
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Real-time Quote. Real-time CHI-X - 01/20 11:30:00 am
1020.25 GBp   +0.07%
01:13aWPP : Former ITV boss in talks to chair market research group Kantar
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01/15WPP : Briefing for Investors and Analysts
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01/15WPP : Transaction in Own Shares
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WPP : to Begin GBP950 Million Share Buyback Following Kantar Deal

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12/06/2019 | 01:25am EST

By Adriano Marchese

WPP PLC (WPP.LN) said Thursday that it will begin a share buyback program worth 950 million pounds ($1.25 billion) following the completion of the sale of 60% of its Kantar business to Bain Capital Private Equity.

The advertising group said the buyback will start with an initial tranche of around GBP250 million, and is set for completion by March 2020.

WPP said it will retain around 60% of the net proceeds of the $3.1 billion deal to reduce debt to the lower end of its targeted leverage range, and added that the buyback will return around 8% of its share capital to shareholders.

Write to Adriano Marchese at adriano.marchese@wsj.com

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Latest news on WPP GROUP
01:13aWPP : Former ITV boss in talks to chair market research group Kantar
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2019WALMART'S SECRET WEAPON TO FIGHT OFF : The -2-
DJ
2019WALMART'S SECRET WEAPON FOR THE DIGI : -2-
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2019WALMART'S SECRET WEAPON TO FIGHT OFF : The -2-
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Financials (GBP)
Sales 2019 12 768 M
EBIT 2019 1 949 M
Net income 2019 1 022 M
Debt 2019 4 390 M
Yield 2019 5,88%
P/E ratio 2019 12,7x
P/E ratio 2020 13,0x
EV / Sales2019 1,33x
EV / Sales2020 1,37x
Capitalization 12 616 M
Chart WPP GROUP
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Technical analysis trends WPP GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 1 113,86  GBp
Last Close Price 1 019,50  GBp
Spread / Highest target 49,1%
Spread / Average Target 9,26%
Spread / Lowest Target -27,0%
EPS Revisions
Managers
NameTitle
Mark Julian Read Chief Executive Officer & Executive Director
Roberto Quarta Non-Executive Chairman
Andrew Grant Balfour Scott Chief Operating Officer
Paul W. G. Richardson Group Finance Director & Executive Director
Stephan Pretorius Chief Technology Officer
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