WPP (LON:WPP) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Shares of WPP plc (LON:WPP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 764.48 ($9.91) and traded as high as GBX 835.60 ($10.84). WPP shares last traded at GBX 823.40 ($10.68), with a volume of 1,832,919 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Shore Capital reissued a "buy" rating on shares of WPP in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on WPP from GBX 990 ($12.84) to GBX 950 ($12.32) and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Citigroup reiterated a "buy" rating on shares of WPP in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 946.67 ($12.28).

WPP Stock Down 0.9 %

The company has a market capitalization of £8.81 billion, a PE ratio of 4,295.79, a PEG ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. The business has a fifty day moving average of GBX 760.86 and a 200 day moving average of GBX 764.48.

WPP Cuts Dividend

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