WPP (LON:WPP) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

WPP plc (LON:WPP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 779.80 ($9.67) and traded as high as GBX 789.80 ($9.80). WPP shares last traded at GBX 785 ($9.74), with a volume of 1,827,003 shares.

Analysts Set New Price Targets

WPP has been the subject of several analyst reports. Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 1,040 ($12.90) to GBX 960 ($11.91) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Price Performance

The business’s fifty day moving average price is GBX 803.39 and its 200 day moving average price is GBX 779.80. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of £8.48 billion, a P/E ratio of 4,131.58, a PEG ratio of 13.47 and a beta of 1.13.

Insider Activity at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.67), for a total transaction of £75,628.40 ($93,820.12). 0.22% of the stock is currently owned by insiders.

WPP Company Profile

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.