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

WPP plc (LON:WPP)’s stock price traded up 8.8% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 325.18 and last traded at GBX 313.67. 13,143,966 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 10,520,306 shares. The stock had previously closed at GBX 288.30.

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

Analyst Ratings Changes

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

WPP Price Performance

The firm has a market cap of £3.38 billion, a price-to-earnings ratio of 9.07, a PEG 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 stock has a 50-day moving average price of GBX 345.76 and a 200 day moving average price of GBX 436.53.

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.