WPP (LON:WPP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

WPP plc (LON:WPP)’s share price passed 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.

Wall Street Analysts Forecast Growth

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

WPP Stock Performance

The firm has a market cap of £3.05 billion, a P/E ratio of -14.12, a PEG ratio of 13.47 and a beta of 0.68. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 268.98. The company’s 50-day moving average is GBX 268.69 and its two-hundred day moving average is GBX 272.89.

Insider Buying and Selling

In other news, insider Peter Agnefjäll bought 75,000 shares of WPP stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of GBX 281 per share, for a total transaction of £210,750. Also, insider Cindy Rose sold 88,227 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of GBX 282, for a total transaction of £248,800.14. 2.04% of the stock is owned by company insiders.

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.