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

WPP plc (LON:WPP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 767.53 ($9.99) and traded as high as GBX 863.20 ($11.24). WPP shares last traded at GBX 853 ($11.10), with a volume of 1,471,925 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. Shore Capital reiterated a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on WPP from GBX 990 ($12.89) to GBX 950 ($12.37) and set a “buy” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 946.67 ($12.32).

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 £9.14 billion, a price-to-earnings ratio of 4,453.68, 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 777.68 and its 200-day moving average price is GBX 768.03.

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.