Wpp Plc (LON:WPP) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $917.78 and traded as high as $967.40. WPP shares last traded at $942.60, with a volume of 2,195,805 shares.
A number of research analysts have commented on the stock. UBS Group restated a “buy” rating on shares of WPP in a research note on Monday, August 12th. Goldman Sachs Group restated a “buy” rating on shares of WPP in a research note on Tuesday, August 13th. Shore Capital restated a “buy” rating on shares of WPP in a research note on Friday, August 9th. HSBC cut their price target on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a “hold” rating for the company in a research note on Thursday, July 4th. Finally, Morgan Stanley raised their price target on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. WPP presently has an average rating of “Hold” and an average target price of GBX 1,104.64 ($14.43).
The company has a market cap of $12.06 billion and a price-to-earnings ratio of 17.11. The company’s fifty day moving average price is GBX 954.57 and its two-hundred day moving average price is GBX 918.54. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 87.58.
WPP Company Profile (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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