WPP (LON:WPP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

WPP plc (LON:WPP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 769.10 ($9.69) and traded as high as GBX 844.60 ($10.64). WPP shares last traded at GBX 823.20 ($10.37), with a volume of 3,685,676 shares trading hands.

Wall Street Analysts Forecast Growth

WPP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WPP from GBX 990 ($12.48) to GBX 950 ($11.97) and set a “buy” rating on the stock in a report on Friday, August 9th. Citigroup restated a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 946.67 ($11.93).

WPP Trading Down 1.9 %

The business’s 50 day moving average price is GBX 788.74 and its two-hundred day moving average price is GBX 769.17. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of £8.89 billion, a price-to-earnings ratio of 4,332.63, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

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.