WPP (LON:WPP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of WPP plc (LON:WPP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 774.37 ($9.74) and traded as high as GBX 835 ($10.51). WPP shares last traded at GBX 831.20 ($10.46), with a volume of 418,661 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WPP shares. Citigroup reaffirmed a “buy” rating on shares of WPP in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on shares of WPP from GBX 860 ($10.82) to GBX 1,040 ($13.09) and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, WPP has an average rating of “Moderate Buy” and an average target price of GBX 996.67 ($12.54).

WPP Stock Performance

The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of £8.94 billion, a P/E ratio of 4,358.95, a P/E/G ratio of 13.47 and a beta of 1.13. The business has a 50-day moving average of GBX 841.61 and a 200-day moving average of GBX 775.12.

Insider Transactions at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.82), for a total transaction of £75,628.40 ($95,165.97). Company insiders own 0.22% of the company’s stock.

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, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.