WPP (LON:WPP) Stock Crosses Above 200-Day Moving Average of $752.61

Shares of WPP plc (LON:WPP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 752.61 ($9.94) and traded as high as GBX 757 ($10.00). WPP shares last traded at GBX 757 ($10.00), with a volume of 1,829,648 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WPP shares. Deutsche Bank Aktiengesellschaft decreased their price target on WPP from GBX 990 ($13.08) to GBX 950 ($12.55) and set a “buy” rating on the stock in a report on Friday, August 9th. Shore Capital reissued a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 910 ($12.02).

WPP Stock Down 0.2 %

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 stock has a market capitalization of £8.31 billion, a P/E ratio of 4,050.53, a PEG ratio of 13.47 and a beta of 1.13. The company has a fifty day moving average price of GBX 725.91 and a 200-day moving average price of GBX 753.06.

WPP Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a GBX 15 ($0.20) dividend. This represents a yield of 2.09%. The ex-dividend date is Thursday, October 10th. WPP’s payout ratio is 20,526.32%.

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.