WPP (LON:WPP) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

WPP plc (LON:WPP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 282.40 and traded as high as GBX 368.57. WPP shares last traded at GBX 361.30, with a volume of 4,784,296 shares changing hands.

Analyst Ratings Changes

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

WPP Price Performance

The company has a market capitalization of £4.04 billion, a price-to-earnings ratio of -18.74, a price-to-earnings-growth ratio of 13.47 and a beta of 0.70. The company has a 50 day simple moving average of GBX 323.94 and a 200 day simple moving average of GBX 283.16. 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 issued its quarterly earnings results 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%. As a group, research analysts predict that WPP plc will post 81.6125654 EPS for the current year.

Insider Buying and Selling

In other WPP news, insider Cindy Rose sold 88,227 shares of WPP stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 282, for a total value of £248,800.14. 2.04% of the stock is owned by company insiders.

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.