WPP plc (LON:WPP – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 316.91 and traded as high as GBX 399.30. WPP shares last traded at GBX 396.95, with a volume of 584,648,313 shares trading hands.
Key WPP News
Here are the key news stories impacting WPP this week:
- Positive Sentiment: WPP retained Coca-Cola’s global media account, preserving a major multinational client and supporting the company’s international revenue base. WPP also retained Coca-Cola’s media business in Australia and New Zealand. WPP retains Coca-Cola’s global media, as Omnicom takes North America Coca-Cola’s ANZ media account stays with WPP
- Positive Sentiment: Reports characterize WPP as retaining the larger share of Coca-Cola’s global media relationship, which may reassure investors that the account review did not result in a broad-based loss. Coca-Cola’s global media shake-up leaves WPP holding the lion’s share
- Positive Sentiment: WPP announced an AI-enabled “Dialogue Hub” with Dabur, highlighting continued investment in technology-led marketing services and potential growth in data and artificial-intelligence offerings. Dabur launches AI-enabled The Dialogue Hub with WPP
Wall Street Analyst Weigh In
A number of research analysts recently commented on WPP shares. Citigroup raised their price objective on shares of WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a research note on Monday, August 10th. Berenberg Bank restated a “buy” rating and issued a GBX 470 target price on shares of WPP in a research report on Monday, September 28th. JPMorgan Chase & Co. increased their price target on WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 425 price target on shares of WPP in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, WPP presently has an average rating of “Moderate Buy” and an average price target of GBX 428.75.
View Our Latest Research Report on WPP
WPP Trading Up 0.0%
The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The firm’s 50-day simple moving average is GBX 384.43 and its 200 day simple moving average is GBX 316.91. The stock has a market capitalization of £4.28 billion, a P/E ratio of -17.80, a PEG ratio of 13.47 and a beta of 0.74.
WPP (LON:WPP – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. Equities research analysts anticipate that WPP plc will post 81.61 EPS for the current fiscal year.
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.
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