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

WPP plc (LON:WPP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 777.59 ($9.66) and traded as high as GBX 832.40 ($10.34). WPP shares last traded at GBX 814 ($10.11), with a volume of 1,829,230 shares.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Shore Capital reissued a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of WPP from GBX 860 ($10.68) to GBX 1,040 ($12.92) and gave the company a “neutral” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 996.67 ($12.38).

WPP Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The firm has a market cap of £8.79 billion, a PE ratio of 4,284.21, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock has a 50 day moving average price of GBX 843.45 and a two-hundred day moving average price of GBX 777.59.

Insiders Place Their Bets

In other WPP news, 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 ($10.68), for a total transaction of £75,628.40 ($93,948.32). 0.22% of the stock is owned by 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.