WPP plc (LON:WPP - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 769.10 ($9.69) and traded as high as GBX 844.60 ($10.64). WPP shares last traded at GBX 823.20 ($10.37), with a volume of 3,685,676 shares trading hands.
Analysts Set New Price Targets
Several research firms have issued reports on WPP. Shore Capital reiterated a "buy" rating on shares of WPP in a research report on Wednesday, October 23rd. Citigroup reissued a "buy" rating on shares of WPP in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of WPP from GBX 990 ($12.48) to GBX 950 ($11.97) and set a "buy" rating for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 946.67 ($11.93).
Get Our Latest Stock Analysis on WPP
WPP Stock Performance
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 firm has a market capitalization of £8.89 billion, a PE ratio of 4,332.63, a PEG ratio of 13.47 and a beta of 1.13. The stock's 50 day moving average price is GBX 788.74 and its two-hundred day moving average price is GBX 769.17.
About WPP
(
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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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