WPP (LON:WPP) Shares Up 8.8% Following Insider Buying Activity

WPP plc (LON:WPP)’s stock price rose 8.8% on Monday following insider buying activity. The stock traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 13,143,966 shares changed hands during trading, an increase of 25% from the average daily volume of 10,520,306 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose acquired 50,000 shares of WPP stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen bought 50,000 shares of the stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of GBX 285 per share, for a total transaction of £142,500.

Wall Street Analyst Weigh In

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

WPP Price Performance

The stock has a market cap of £3.38 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 13.47 and a beta of 1.13. The stock’s 50 day simple moving average is GBX 347.48 and its two-hundred day simple moving average is GBX 438.41. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

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.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.