WPP (LON:WPP) Shares Pass Above 200 Day Moving Average – What’s Next?

WPP plc (LON:WPP) 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.

Analyst Ratings Changes

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

WPP Stock Down 1.9 %

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The company has a market capitalization of £8.89 billion, a PE ratio of 4,332.63, a PEG ratio of 13.47 and a beta of 1.13. The company’s 50 day moving average is GBX 787.21 and its two-hundred day moving average is GBX 769.10.

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.