WPP (LON:WPP) Stock Passes Above Two Hundred Day Moving Average of $736.56

WPP plc (LON:WPP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 736.56 ($9.10) and traded as high as GBX 797 ($9.84). WPP shares last traded at GBX 796.40 ($9.84), with a volume of 3,430,692 shares traded.

Wall Street Analysts Forecast Growth

WPP has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of WPP from GBX 850 ($10.50) to GBX 890 ($10.99) and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Barclays reiterated an “overweight” rating and set a GBX 1,000 ($12.35) price target on shares of WPP in a research note on Wednesday, January 31st. Finally, Shore Capital reiterated a “buy” rating on shares of WPP in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WPP presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,005.83 ($12.42).

WPP Stock Performance

The company has a market cap of £8.52 billion, a PE ratio of 7,964.00, a P/E/G ratio of 2.54 and a beta of 1.14. The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86. The stock’s 50-day simple moving average is GBX 740.97 and its 200 day simple moving average is GBX 736.56.

WPP Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be given a dividend of GBX 24.40 ($0.30) per share. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.13%. This is an increase from WPP’s previous dividend of $15.00. WPP’s dividend payout ratio is presently 39,000.00%.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.