WPP (LON:WPP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

WPP plc (LON:WPP – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 293.39 and traded as high as GBX 395.30. WPP shares last traded at GBX 384.50, with a volume of 3,774,586 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on WPP shares. Citigroup raised their target price on shares of WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 425 price target on shares of WPP in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Berenberg Bank raised their price objective on shares of WPP from GBX 405 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 428.75.

Get Our Latest Report on WPP

WPP Price Performance

The stock has a fifty day moving average of GBX 359.60 and a two-hundred day moving average of GBX 295.02. The stock has a market cap of £4.11 billion, a price-to-earnings ratio of -17.08, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73. 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 – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. On average, equities research analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current year.

WPP Company Profile

(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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