WPP (LON:WPP) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of WPP plc (LON:WPP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 757.65 ($10.13) and traded as high as GBX 787.60 ($10.54). WPP shares last traded at GBX 782.60 ($10.47), with a volume of 1,595,035 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of WPP from GBX 990 ($13.24) to GBX 950 ($12.71) and set a “buy” rating on the stock in a research note on Friday, August 9th. Citigroup reissued a “buy” rating on shares of WPP in a report on Thursday, September 5th. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 910 ($12.17).

WPP Trading Up 1.2 %

The firm has a market cap of £8.45 billion, a P/E ratio of 4,118.95, a P/E/G ratio of 13.47 and a beta of 1.13. The business’s 50-day moving average is GBX 733.17 and its two-hundred day moving average is GBX 757.65. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 2.09%. The ex-dividend date is Thursday, October 10th. WPP’s dividend payout ratio (DPR) is presently 20,526.32%.

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.