WPP plc (LON:WPP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 777.59 ($9.66) and traded as high as GBX 832.40 ($10.34). WPP shares last traded at GBX 814 ($10.11), with a volume of 1,829,230 shares trading hands.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of WPP from GBX 860 ($10.68) to GBX 1,040 ($12.92) and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Shore Capital reaffirmed a "buy" rating on shares of WPP in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WPP presently has a consensus rating of "Moderate Buy" and an average price target of GBX 996.67 ($12.38).
Check Out Our Latest Research Report on WPP
WPP Stock Performance
The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The stock has a market cap of £8.79 billion, a P/E ratio of 4,284.21, a PEG ratio of 13.47 and a beta of 1.13. The stock has a fifty day simple moving average of GBX 843.45 and a 200-day simple moving average of GBX 777.59.
Insider Buying and Selling
In other news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.68), for a total transaction of £75,628.40 ($93,948.32). 0.22% of the stock is owned by insiders.
WPP Company Profile
(
Get Free Report)
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.
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