WPP (LON:WPP) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

WPP plc (LON:WPP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 286.72 and traded as high as GBX 372.85. WPP shares last traded at GBX 370.56, with a volume of 2,671,020 shares traded.

Analyst Ratings Changes

WPP has been the subject of several recent research reports. 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 reaffirmed a “buy” rating and set a GBX 405 target price on shares of WPP in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 425 price target on shares of WPP in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, WPP currently has an average rating of “Moderate Buy” and an average target price of GBX 412.50.

WPP Stock Down 0.6%

The company has a debt-to-equity ratio of 276.02, a quick ratio of 0.89 and a current ratio of 0.87. The company has a market cap of £3.96 billion, a price-to-earnings ratio of -16.46, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73. The business has a 50-day simple moving average of GBX 339.14 and a 200-day simple moving average of GBX 287.28.

WPP (LON:WPP) last announced its quarterly earnings data on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. On average, equities analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WPP news, insider Cindy Rose sold 88,227 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were 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.