Shares of 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 779.80 ($9.71) and traded as high as GBX 789.80 ($9.83). WPP shares last traded at GBX 785 ($9.77), with a volume of 1,827,003 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of WPP from GBX 1,040 ($12.95) to GBX 960 ($11.95) and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Shore Capital reissued a "buy" rating on shares of WPP in a research note on Wednesday, October 23rd.
Read Our Latest Research Report on WPP
WPP Stock Down 0.3 %
The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of £8.49 billion, a PE ratio of 4,135.79, a PEG ratio of 13.47 and a beta of 1.13. The firm has a fifty day simple moving average of GBX 800.32 and a 200 day simple moving average of GBX 780.35.
Insider Transactions at WPP
In related news, insider Joanne Wilson sold 8,794 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.71), for a total transaction of £75,628.40 ($94,170.59). Company insiders own 0.22% of the company's stock.
About WPP
(
Get Free Report)
WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.
At WPP we're reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.
See Also
Before you consider WPP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.
While WPP currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
