WPP (LON:WPP) Trading Up 8.8% 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 company traded as high as GBX 325.18 and last traded at GBX 313.67. 13,143,966 shares traded hands 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 purchased 50,000 shares of the business’s stock in a transaction on 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 purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were 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. dropped their target price on shares of WPP from GBX 420 to GBX 360 and set a “neutral” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus 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 current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day simple moving average of GBX 345.76 and a 200-day simple moving average of GBX 436.53. The firm 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.

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.