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

Shares of WPP plc (LON:WPP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 773.74 ($9.73) and traded as high as GBX 859.80 ($10.81). WPP shares last traded at GBX 854.20 ($10.74), with a volume of 3,614,331 shares trading hands.

Analysts Set New Price Targets

WPP has been the topic of several analyst reports. Shore Capital reissued a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of WPP from GBX 860 ($10.81) to GBX 1,040 ($13.08) and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Finally, Citigroup restated a “buy” rating on shares of WPP in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, WPP currently has an average rating of “Moderate Buy” and an average price target of GBX 996.67 ($12.53).

WPP Trading Down 1.2 %

The firm has a market cap of £9.12 billion, a P/E ratio of 4,442.11, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day simple moving average of GBX 832.54 and a 200 day simple moving average of GBX 773.74.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,082.22). 0.22% of the stock is owned by insiders.

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.