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

WPP plc (LON:WPP) rose 8.8% during mid-day trading 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 traded hands 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 acquired 50,000 shares of WPP stock in a transaction dated Thursday, November 13th. The shares were 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 company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of GBX 285 per share, with a total value of £142,500.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target 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 data from MarketBeat.com, WPP presently has an average rating of “Hold” and an average target price of GBX 360.

WPP Stock Performance

The company has a market cap of £3.38 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The business has a 50 day moving average price of GBX 345.76 and a two-hundred day moving average price of GBX 436.53. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

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.