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

WPP plc (LON:WPP) shares rose 8.8% on Monday following insider buying activity. The company traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 13,143,966 shares were traded during mid-day 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 purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average price of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of GBX 285 per share, with a total value of £142,500.

Analyst Upgrades and Downgrades

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

WPP Price Performance

The stock has a fifty day simple moving average of GBX 345.76 and a 200-day simple moving average of GBX 436.53. The company has a market capitalization of £3.38 billion, a PE ratio of 9.07, a P/E/G ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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.