WPP (LON:WPP) Stock Passes Above 200-Day Moving Average of $966.37

Wpp Plc (LON:WPP)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $966.37 and traded as high as $1,001.50. WPP shares last traded at $987.80, with a volume of 3,051,628 shares trading hands.

A number of analysts recently commented on the company. Credit Suisse Group reaffirmed a “restricted” rating on shares of WPP in a research report on Friday, September 6th. Liberum Capital reaffirmed a “buy” rating on shares of WPP in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the company an “overweight” rating in a research report on Friday, August 9th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,090 ($14.24) target price on shares of WPP in a research report on Monday, October 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,120.42 ($14.64).

The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 87.58. The business has a fifty day simple moving average of GBX 968.19 and a 200 day simple moving average of GBX 966.64. The stock has a market capitalization of $12.51 billion and a P/E ratio of 17.73.

About WPP (LON:WPP)

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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