WPP (LON:WPP) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Posted by Defense World Staff on Oct 23rd, 2024

WPP plc (LON:WPP – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 760.79 ($9.88) and traded as high as GBX 780.40 ($10.13). WPP shares last traded at GBX 773.60 ($10.04), with a volume of 2,363,914 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WPP shares. Citigroup restated a “buy” rating on shares of WPP in a report on Thursday, September 5th. Shore Capital restated a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 946.67 ($12.29).

Check Out Our Latest Research Report on WPP

WPP Stock Up 2.9 %

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 cap of £8.60 billion, a P/E ratio of 4,071.58, a PEG ratio of 13.47 and a beta of 1.13. The company’s 50 day simple moving average is GBX 745.82 and its 200-day simple moving average is GBX 760.79.

WPP Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a GBX 15 ($0.19) dividend. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, October 10th. WPP’s dividend payout ratio is 20,526.32%.

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.