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

WPP plc (LON:WPP)’s share price traded up 8.8% 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. 13,143,966 shares were traded during 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 bought 50,000 shares of WPP stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of GBX 285 per share, for a total transaction of £142,500.

Analysts Set New Price Targets

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

WPP Trading Up 8.8%

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 fifty day moving average price of GBX 345.76 and a 200 day moving average price of GBX 436.53. The company has a market cap of £3.38 billion, a price-to-earnings ratio of 9.07, a P/E/G 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.