WPP (LON:WPP) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Posted by James Conley on Jan 5th, 2025

WPP plc (LON:WPP – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 777.59 ($9.66) and traded as high as GBX 832.40 ($10.34). WPP shares last traded at GBX 814 ($10.11), with a volume of 1,829,230 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Shore Capital reissued a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of WPP from GBX 860 ($10.68) to GBX 1,040 ($12.92) and gave the company a “neutral” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 996.67 ($12.38).

Read Our Latest Report on WPP

WPP Trading Down 2.0 %

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. The firm has a 50-day moving average of GBX 843.45 and a two-hundred day moving average of GBX 777.59. The firm has a market capitalization of £8.79 billion, a P/E ratio of 4,284.21, a P/E/G ratio of 13.47 and a beta of 1.13.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.68), for a total transaction of £75,628.40 ($93,948.32). Insiders own 0.22% of the company’s stock.

WPP Company Profile

(Get Free Report)

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.