WPP plc (LON:WPP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 282.40 and traded as high as GBX 368.57. WPP shares last traded at GBX 361.30, with a volume of 4,784,296 shares.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on WPP. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 425 price objective on shares of WPP in a report on Friday, August 7th. Berenberg Bank reiterated a "buy" rating and set a GBX 405 target price on shares of WPP in a report on Friday, August 7th. Citigroup increased their price target on WPP from GBX 285 to GBX 430 and gave the company a "neutral" rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their price target on WPP from GBX 350 to GBX 390 and gave the company a "neutral" rating in a research note 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 412.50.
Check Out Our Latest Stock Report on WPP
WPP Stock Performance
The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The stock's fifty day moving average is GBX 321.39 and its two-hundred day moving average is GBX 282.40. The firm has a market capitalization of £3.90 billion, a price-to-earnings ratio of -18.07, a P/E/G ratio of 13.47 and a beta of 0.70.
WPP (LON:WPP - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. On average, analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.
Insider Activity
In related news, insider Cindy Rose sold 88,227 shares of WPP stock in a transaction dated Monday, June 15th. The stock was sold at an average price of GBX 282, for a total transaction of £248,800.14. Insiders own 2.04% of the company's stock.
About WPP
(
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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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