Insider Selling: WPP plc (LON:WPP) Insider Sells 8,794 Shares of Stock

WPP plc (LON:WPP) insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.90), for a total transaction of £75,628.40 ($95,829.19).

WPP Stock Performance

LON WPP opened at GBX 867.20 ($10.99) on Wednesday. The company’s 50 day simple moving average is GBX 810.44 and its two-hundred day simple moving average is GBX 770.59. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. WPP plc has a 1 year low of GBX 678.80 ($8.60) and a 1 year high of GBX 878.40 ($11.13). The stock has a market capitalization of £9.37 billion, a PE ratio of 4,564.21, a P/E/G ratio of 13.47 and a beta of 1.13.

Analyst Ratings Changes

A number of research firms recently commented on WPP. Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. Citigroup reaffirmed a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on WPP from GBX 990 ($12.54) to GBX 950 ($12.04) and set a “buy” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 946.67 ($12.00).

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.