WPP (LON:WPP) Stock Crosses Above 200 Day Moving Average of $733.91

WPP plc (LON:WPP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 733.91 ($9.27) and traded as high as GBX 759.80 ($9.60). WPP shares last traded at GBX 753.60 ($9.52), with a volume of 3,767,051 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Numis Securities restated an “add” rating on shares of WPP in a report on Monday, December 4th. JPMorgan Chase & Co. upped their price objective on WPP from GBX 850 ($10.74) to GBX 890 ($11.25) and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($12.64) price objective on shares of WPP in a research report on Wednesday, January 31st. Finally, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,005.83 ($12.71).

WPP Stock Up 1.9 %

The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40. The business has a 50-day moving average price of GBX 743.49 and a 200-day moving average price of GBX 733.91. The firm has a market cap of £8.06 billion, a P/E ratio of 7,536.00, a P/E/G ratio of 2.64 and a beta of 1.14.

WPP Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 24.40 ($0.31) per share. This is an increase from WPP’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.13%. WPP’s dividend payout ratio is presently 39,000.00%.

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.