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

WPP plc (LON:WPP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 774.37 ($9.70) and traded as high as GBX 835 ($10.46). WPP shares last traded at GBX 831.20 ($10.42), with a volume of 418,661 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on WPP shares. Citigroup reissued a “buy” rating on shares of WPP in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of WPP from GBX 860 ($10.78) to GBX 1,040 ($13.03) and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, WPP presently has an average rating of “Moderate Buy” and a consensus target price of GBX 996.67 ($12.49).

WPP Stock Up 0.2 %

The business’s fifty day simple moving average is GBX 839.87 and its two-hundred day simple moving average is GBX 774.37. The company has a market cap of £8.98 billion, a PE ratio of 4,374.74, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89.

Insider Activity at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.78), for a total transaction of £75,628.40 ($94,772.43). 0.22% of the stock is owned by company insiders.

WPP Company Profile

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.