Insider Buying: WPP (LON:WPP) Insider Buys £210,750 in Stock

WPP plc (LON:WPP) insider Peter Agnefjäll purchased 75,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of GBX 281 per share, for a total transaction of £210,750.

WPP Stock Down 0.3%

WPP traded down GBX 0.90 during trading on Thursday, reaching GBX 274.30. 13,488,994 shares of the stock traded hands, compared to its average volume of 29,581,609. The stock has a market cap of £2.96 billion, a price-to-earnings ratio of -13.72, a price-to-earnings-growth ratio of 13.47 and a beta of 0.65. The stock’s 50-day simple moving average is GBX 252.93 and its two-hundred day simple moving average is GBX 283.64. WPP plc has a fifty-two week low of GBX 218.50 and a fifty-two week high of GBX 605.40. The company has a debt-to-equity ratio of 334.84, a current ratio of 0.89 and a quick ratio of 0.89.

WPP (LON:WPP) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX (20) earnings per share for the quarter. WPP had a negative net margin of 1.59% and a negative return on equity of 7.54%. As a group, equities research analysts expect that WPP plc will post 81.6125654 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price target on WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 322.50.

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.