WPP (LON:WPP) Shares Up 8.8% on Insider Buying Activity

by · The Cerbat Gem

WPP plc (LON:WPP – Get Free Report) was up 8.8% during mid-day trading on Monday following insider buying activity. The company traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 13,143,966 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 10,520,306 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose acquired 50,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of GBX 285 per share, with a total value of £142,500.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on WPP from GBX 420 to GBX 360 and set a “neutral” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, WPP currently has a consensus rating of “Hold” and a consensus price target of GBX 360.

Get Our Latest Research Report on WPP

WPP Stock Up 8.8%

The firm’s 50 day moving average is GBX 345.76 and its two-hundred day moving average is GBX 436.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a market cap of £3.38 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

About WPP

(Get Free Report)

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.

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