WPP (LON:WPP) Trading 8.8% Higher on Insider Buying Activity

WPP plc (LON:WPP) was up 8.8% during trading on Monday following insider buying activity. The company traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 1,416,848,500 shares changed hands during mid-day trading, an increase of 8,326% from the average daily volume of 16,814,945 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 that occurred on Thursday, November 13th. The shares were acquired at an average cost of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of GBX 285 per share, for a total transaction of £142,500.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective 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, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 360.

WPP Trading Up 8.8%

The company has a market capitalization 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 company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50-day moving average price is GBX 347.48 and its two-hundred day moving average price is GBX 438.41.

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.