WPP (LON:WPP) Shares Pass Above 200-Day Moving Average - Here's Why

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 767.53 ($9.99) and traded as high as GBX 863.20 ($11.24). WPP shares last traded at GBX 853 ($11.10), with a volume of 1,471,925 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of WPP from GBX 990 ($12.89) to GBX 950 ($12.37) and set a "buy" rating on the stock in a research report on Friday, August 9th. Shore Capital reissued a "buy" rating on shares of WPP in a research note on Wednesday, October 23rd. Finally, Citigroup restated a "buy" rating on shares of WPP in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 946.67 ($12.32).

WPP Price Performance

The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of £9.14 billion, a price-to-earnings ratio of 4,464.21, a P/E/G ratio of 13.47 and a beta of 1.13. The stock has a fifty day simple moving average of GBX 775.28 and a 200-day simple moving average of GBX 767.53.

About WPP

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.