WPP (LON:WPP) Share Price Crosses 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 Tuesday . The stock has a two hundred day moving average of GBX 277.74 and traded as high as GBX 397.40. WPP shares last traded at GBX 392.20, with a volume of 395,445,563 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 425 price target on shares of WPP in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a research report on Friday, August 7th. Berenberg Bank restated a “buy” rating and issued a GBX 405 target price on shares of WPP in a research note on Friday, August 7th. Finally, Citigroup upped their target price on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, WPP presently has a consensus rating of “Moderate Buy” and an average target price of GBX 412.50.

WPP Stock Performance

The stock has a market cap of £4.15 billion, a P/E ratio of -19.21, a price-to-earnings-growth ratio of 13.47 and a beta of 0.70. The firm’s 50-day moving average is GBX 310.55 and its two-hundred day moving average is GBX 278.61. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02.

WPP (LON:WPP) last posted its earnings results on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. As a group, research analysts expect that WPP plc will post 81.6125654 EPS for the current year.

Insider Activity

In other news, insider Cindy Rose sold 88,227 shares of the company’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. Insiders own 2.04% of the company’s stock.

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.