WPP (LON:WPP) Stock Price Up 8.8% After Insider Buying Activity

by · The Cerbat Gem

WPP plc (LON:WPP – Get Free Report)’s share price rose 8.8% on Monday after an insider bought additional shares in the company. The stock 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 bought 50,000 shares of WPP stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of GBX 285 per share, for a total transaction of £142,500.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 360.

View Our Latest Report on WPP

WPP Stock Up 8.8%

The firm has a 50 day simple moving average of GBX 345.76 and a two-hundred day simple moving average of GBX 436.53. The stock has a market capitalization of £3.38 billion, a P/E ratio of 9.07, a PEG ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.

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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