WPP (LON:WPP) Trading 8.8% Higher Following Insider Buying Activity

Shares of WPP plc (LON:WPP) traded up 8.8% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 325.18 and last traded at GBX 313.67. 13,143,966 shares were traded during mid-day trading, an increase of 25% from the average session volume of 10,520,306 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose acquired 50,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price 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 shares were bought at an average cost of GBX 285 per share, for a total transaction of £142,500.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 420 to GBX 360 and set a “neutral” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, WPP currently has a consensus rating of “Hold” and a consensus price target of GBX 360.

WPP Price Performance

The company has a market cap of £3.38 billion, a P/E ratio of 9.07, a P/E/G ratio of 13.47 and a beta of 1.13. The stock has a 50-day simple moving average of GBX 345.76 and a 200 day simple moving average 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.