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WPP (LON:WPP) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

WPP logo with Communication Services background

Shares of WPP plc (LON:WPP - Get Free Report) crossed 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.

Analysts Set New Price Targets

WPP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of WPP from GBX 860 ($10.82) to GBX 1,040 ($13.09) and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Shore Capital reaffirmed a "buy" rating on shares of WPP in a report on Wednesday, October 23rd. Finally, Citigroup reiterated a "buy" rating on shares of WPP in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 996.67 ($12.54).

Get Our Latest Stock Analysis on WPP

WPP Stock Performance

The stock has a market cap of £8.94 billion, a price-to-earnings ratio of 4,358.95, a P/E/G ratio of 13.47 and a beta of 1.13. The firm's 50-day moving average is GBX 841.61 and its two-hundred day moving average is GBX 775.12. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

Insiders Place Their Bets

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 value of £75,628.40 ($95,165.97). 0.22% of the stock is owned by company 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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