WPP (LON:WPP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of WPP plc (LON:WPP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 773.74 ($9.72) 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 traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on WPP. Citigroup reissued a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Shore Capital reiterated a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of WPP from GBX 860 ($10.81) to GBX 1,040 ($13.07) and gave the company a “neutral” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 996.67 ($12.53).

WPP Stock Down 1.0 %

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 company’s fifty day moving average price is GBX 835.77 and its 200-day moving average price is GBX 773.99. The stock has a market capitalization of £9.00 billion, a PE ratio of 4,385.26, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

Insider Activity at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,046.37). 0.22% of the stock is owned by corporate 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.