WPP plc (LON:WPP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 277.74 and traded as high as GBX 397.40. WPP shares last traded at GBX 392.20, with a volume of 395,445,563 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have commented on WPP. JPMorgan Chase & Co. increased their price objective on shares of WPP from GBX 350 to GBX 390 and gave the company a "neutral" rating in a report on Friday, August 7th. Citigroup lifted their target price on WPP from GBX 285 to GBX 430 and gave the stock a "neutral" rating in a report on Monday, August 10th. Berenberg Bank reiterated a "buy" rating and issued a GBX 405 target price on shares of WPP in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 425 target price on shares of WPP in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 412.50.
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WPP Stock Performance
The business's fifty day moving average is GBX 308.62 and its two-hundred day moving average is GBX 277.74. The stock has a market capitalization of £4.23 billion, a PE ratio of -19.61, a price-to-earnings-growth ratio of 13.47 and a beta of 0.70. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02.
WPP (LON:WPP - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. As a group, research analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.
Insider Buying and Selling at WPP
In other news, insider Cindy Rose sold 88,227 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of GBX 282, for a total value of £248,800.14. 2.04% of the stock is currently owned by company insiders.
WPP Company Profile
(
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WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.
We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.
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