WPP (LON:WPP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

WPP plc (LON:WPP) shares passed 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 traded.

Analysts Set New Price Targets

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

WPP Price Performance

The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of £8.89 billion, a price-to-earnings ratio of 4,332.63, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock’s fifty day moving average price is GBX 788.74 and its 200-day moving average price is GBX 769.17.

WPP Company Profile

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.