WPP (LON:WPP) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

WPP plc (LON:WPP)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 379.11 and traded as low as GBX 326.90. WPP shares last traded at GBX 329, with a volume of 2,197,080 shares trading hands.

Wall Street Analyst Weigh In

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

WPP Stock Performance

The stock has a fifty day simple moving average of GBX 314.22 and a 200-day simple moving average of GBX 379.11. The stock has a market cap of £3.55 billion, a P/E ratio of 9.51, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

Insider Transactions at WPP

In other news, insider Philip Jansen acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of GBX 285 per share, for a total transaction of £142,500. Also, insider Cindy Rose bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of GBX 289 per share, for a total transaction of £144,500. 2.01% of the stock is currently owned by company insiders.

About WPP

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.