WPP (LON:WPP) Trading Up 28.6% – Here’s What Happened

WPP plc (LON:WPP – Get Free Report) was up 28.6% during mid-day trading on Thursday . The company traded as high as GBX 400 and last traded at GBX 395. 22,847,670 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 32,058,201 shares. The stock had previously closed at GBX 307.10.

Analyst Upgrades and Downgrades

Several analysts recently commented on WPP shares. Berenberg Bank restated a “buy” rating and set a GBX 405 price target on shares of WPP in a report on Tuesday, June 9th. Citigroup upped their price objective on shares of WPP from GBX 275 to GBX 285 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 350.

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WPP Trading Up 28.6%

The business has a 50-day moving average of GBX 275.02 and a 200-day moving average of GBX 268.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 268.98. The stock has a market cap of £4.26 billion, a price-to-earnings ratio of -19.75, a PEG ratio of 13.47 and a beta of 0.68.

Insider Transactions at WPP

In other news, insider Peter Agnefjäll acquired 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of GBX 281 per share, for a total transaction of £210,750. Also, insider Cindy Rose sold 88,227 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of GBX 282, for a total value of £248,800.14. 2.04% of the stock is owned by company insiders.

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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