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

WPP plc (LON:WPP)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 774.37 ($9.70) and traded as high as GBX 835 ($10.46). WPP shares last traded at GBX 831.20 ($10.42), with a volume of 418,661 shares traded.

Analyst Upgrades and Downgrades

WPP has been the subject of several research reports. Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. Citigroup restated a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on WPP from GBX 860 ($10.78) to GBX 1,040 ($13.03) and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 996.67 ($12.49).

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 company has a market cap of £8.98 billion, a price-to-earnings ratio of 4,374.74, a PEG ratio of 13.47 and a beta of 1.13. The stock’s 50-day simple moving average is GBX 839.87 and its 200 day simple moving average is GBX 774.37.

Insider Buying and Selling

In related news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.78), for a total transaction of £75,628.40 ($94,772.43). 0.22% of the stock is currently owned by corporate 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.