WPP (LON:WPP) Shares Cross Above 200 Day Moving Average – What’s Next?

WPP plc (LON:WPP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 272.89 and traded as high as GBX 291.70. WPP shares last traded at GBX 282.40, with a volume of 3,546,437 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WPP shares. Citigroup raised their target price on shares of WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 405 target price on shares of WPP in a report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 350.

WPP Stock Down 2.2%

The firm’s 50 day simple moving average is GBX 268.69 and its 200 day simple moving average is GBX 272.89. The company has a market cap of £3.05 billion, a price-to-earnings ratio of -14.12, a price-to-earnings-growth ratio of 13.47 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 268.98.

Insider Buying and Selling

In related news, insider Cindy Rose sold 88,227 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of GBX 282, for a total value of £248,800.14. Also, insider Peter Agnefjäll bought 75,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of GBX 281 per share, for a total transaction of £210,750. Corporate insiders own 2.04% of the company’s stock.

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.