WPP (LON:WPP) Share Price Passes Above Two Hundred Day Moving Average of $754.52

WPP plc (LON:WPP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 754.52 ($10.10) and traded as high as GBX 775 ($10.38). WPP shares last traded at GBX 767.60 ($10.28), with a volume of 1,966,567 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WPP shares. Citigroup reiterated a “buy” rating on shares of WPP in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut their target price on WPP from GBX 990 ($13.26) to GBX 950 ($12.72) and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WPP currently has a consensus rating of “Moderate Buy” and an average price target of GBX 910 ($12.19).

WPP Stock Performance

The stock has a fifty day simple moving average of GBX 730.03 and a two-hundred day simple moving average of GBX 755.41. 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 market cap of £8.42 billion, a price-to-earnings ratio of 4,105.26, a P/E/G ratio of 13.47 and a beta of 1.13.

WPP Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors 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 dividend payout ratio (DPR) is presently 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.