Insider Buying: WPP (LON:WPP) Insider Acquires 75,000 Shares of Stock

WPP plc (LON:WPP) insider Peter Agnefjäll bought 75,000 shares of WPP stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of GBX 281 per share, with a total value of £210,750.

WPP Stock Performance

Shares of WPP stock traded down GBX 0.90 during mid-day trading on Thursday, reaching GBX 274.30. The stock had a trading volume of 13,488,994 shares, compared to its average volume of 29,581,609. WPP plc has a one year low of GBX 218.50 and a one year high of GBX 605.40. The firm has a market cap of £2.96 billion, a PE ratio of -13.72, a P/E/G ratio of 13.47 and a beta of 0.65. The firm’s 50 day simple moving average is GBX 252.93 and its 200 day simple moving average is GBX 283.64. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 334.84.

WPP (LON:WPP) last issued its earnings results on Thursday, February 26th. The company reported GBX (20) EPS for the quarter. WPP had a negative net margin of 1.59% and a negative return on equity of 7.54%. On average, analysts forecast that WPP plc will post 81.6125654 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price target on WPP from GBX 275 to GBX 285 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 322.50.

WPP Company Profile

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.