WPP (LON:WPP) Stock Crosses Above 200-Day Moving Average – Here’s Why

WPP plc (LON:WPPGet Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 270 and traded as high as GBX 297.20. WPP shares last traded at GBX 294.50, with a volume of 4,321,057 shares.

Wall Street Analysts Forecast Growth

WPP has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 405 price target on shares of WPP in a report on Tuesday, June 9th. Citigroup increased their price objective on shares of WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 350.

Check Out Our Latest Stock Analysis on WPP

WPP Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 268.98. The business has a 50 day moving average price of GBX 271.42 and a two-hundred day moving average price of GBX 269.82. The stock has a market cap of £3.47 billion, a P/E ratio of -16.10, a price-to-earnings-growth ratio of 13.47 and a beta of 0.68.

Insider Buying and Selling

In other WPP news, insider Cindy Rose sold 88,227 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 282, for a total transaction of £248,800.14. Also, insider Peter Agnefjäll acquired 75,000 shares of WPP stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of GBX 281 per share, for a total transaction of £210,750. 2.04% of the stock is currently owned by insiders.

About WPP

(Get Free Report)

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.

Further Reading

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