WPP plc (LON:WPP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 773.74 ($9.67) and traded as high as GBX 859.80 ($10.75). WPP shares last traded at GBX 854.20 ($10.68), with a volume of 3,614,331 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on WPP shares. Shore Capital reissued 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, JPMorgan Chase & Co. boosted their target price on shares of WPP from GBX 860 ($10.75) to GBX 1,040 ($13.00) and gave the company a "neutral" rating in a research report on Wednesday, December 11th. One investment 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 996.67 ($12.46).
View Our Latest Stock Analysis on WPP
WPP Trading Down 1.7 %
The firm has a market cap of £9.07 billion, a PE ratio of 4,419.11, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a 50-day simple moving average of GBX 834.22 and a 200 day simple moving average of GBX 773.87. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.
Insider Buying and Selling
In related 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 ($10.75), for a total value of £75,628.40 ($94,523.68). 0.22% of the stock is currently 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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