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

WPP plc (LON:WPP)’s stock price was up 8.8% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 1,416,848,500 shares changed hands during mid-day trading, an increase of 8,326% from the average daily volume of 16,814,945 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose acquired 50,000 shares of the stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of GBX 285 per share, with a total value of £142,500.

Analysts Set New Price Targets

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

WPP Price Performance

The business’s 50 day moving average is GBX 345.76 and its two-hundred day moving average is 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. The firm has a market capitalization of £3.38 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

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.