WPP (LON:WPP) Shares Up 10.8% on Insider Buying Activity

WPP plc (LON:WPP)’s stock price was up 10.8% during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 322.41 and last traded at GBX 319.42. Approximately 70,758,609 shares were traded during mid-day trading, an increase of 556% from the average daily volume of 10,778,667 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was purchased at an average price of GBX 285 per share, for a total transaction of £142,500.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on WPP from GBX 420 to GBX 360 and set a “neutral” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 360.

WPP Trading Up 12.0%

The stock has a 50-day moving average price of GBX 347.48 and a two-hundred day moving average price of GBX 438.41. The stock has a market capitalization of £3.48 billion, a PE ratio of 9.34, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

About WPP

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.