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

Shares of WPP plc (LON:WPP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 767.53 ($9.99) and traded as high as GBX 863.20 ($11.24). WPP shares last traded at GBX 853 ($11.10), with a volume of 1,471,925 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on WPP shares. Deutsche Bank Aktiengesellschaft reduced their price objective on WPP from GBX 990 ($12.89) to GBX 950 ($12.37) and set a “buy” rating for the company in a research report on Friday, August 9th. Citigroup reiterated a “buy” rating on shares of WPP in a report on Thursday, September 5th. Finally, Shore Capital reiterated a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 946.67 ($12.32).

WPP Price Performance

The company has a 50 day moving average of GBX 777.68 and a 200-day moving average of GBX 768.03. The firm has a market capitalization of £9.14 billion, a P/E ratio of 4,453.68, a P/E/G ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.