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

WPP plc (LON:WPP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WPP. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.89) to GBX 950 ($12.37) and set a “buy” rating for the company in a research note on Friday, August 9th. Citigroup reiterated a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Finally, Shore Capital restated 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 five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 946.67 ($12.32).

WPP Price Performance

The stock has a market cap of £9.16 billion, a PE ratio of 4,489.47, a P/E/G ratio of 13.47 and a beta of 1.13. The business has a fifty day simple moving average of GBX 775.28 and a two-hundred day simple moving average of GBX 767.53. 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 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.