WPP (LON:WPP) Sets New 52-Week High – Here’s Why

WPP plc (LON:WPP)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 873.60 ($11.06) and last traded at GBX 872.20 ($11.04), with a volume of 3679135 shares changing hands. The stock had previously closed at GBX 867 ($10.97).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WPP shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WPP from GBX 990 ($12.53) to GBX 950 ($12.02) and set a “buy” rating on the stock in a research report on Friday, August 9th. Citigroup reiterated a “buy” rating on shares of WPP in a report on Thursday, September 5th. Finally, Shore Capital restated a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 946.67 ($11.98).

WPP Stock Performance

The stock has a fifty day simple moving average of GBX 808.41 and a 200-day simple moving average of GBX 770.44. The stock has a market cap of £9.39 billion, a P/E ratio of 4,563.16, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89.

About WPP

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.