WPP (LON:WPP) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

WPP plc (LON:WPP - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 760.79 ($9.88) and traded as high as GBX 780.40 ($10.13). WPP shares last traded at GBX 773.60 ($10.04), with a volume of 2,363,914 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on WPP shares. Citigroup restated a "buy" rating on shares of WPP in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Shore Capital restated a "buy" rating on shares of WPP in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 946.67 ($12.29).

WPP Stock Up 5.5 %

The firm's 50-day moving average price is GBX 745.82 and its 200 day moving average price is GBX 760.79. The firm has a market cap of £8.81 billion, a P/E ratio of 4,302.11, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89.

WPP Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 15 ($0.19) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 2.09%. WPP's dividend payout ratio (DPR) is 20,526.32%.

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.