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

WPP plc (LON:WPP)’s stock price 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 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 on Thursday, November 13th. The shares were purchased at an average price of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of GBX 285 per share, with a total value of £142,500.

Analyst Ratings Changes

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

WPP Price Performance

The firm has a market capitalization of £3.38 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The company’s fifty day moving average is GBX 345.76 and its two-hundred day moving average is GBX 436.53.

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.