WPP (LON:WPP) Share Price Passes Above Two Hundred Day Moving Average of $739.82

WPP plc (LON:WPP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 739.82 ($9.29) and traded as high as GBX 821.60 ($10.32). WPP shares last traded at GBX 812.60 ($10.21), with a volume of 2,246,930 shares traded.

Wall Street Analysts Forecast Growth

WPP has been the topic of a number of research analyst reports. Barclays reissued an “overweight” rating and issued a GBX 1,000 ($12.56) price target on shares of WPP in a report on Wednesday, January 31st. Shore Capital restated a “buy” rating on shares of WPP in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their price objective on WPP from GBX 850 ($10.68) to GBX 890 ($11.18) and gave the stock a “neutral” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 961 ($12.07).

WPP Stock Performance

The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86. The company has a market cap of £8.69 billion, a PE ratio of 8,126.00, a PEG ratio of 2.54 and a beta of 1.14. The business’s 50-day moving average is GBX 746.32 and its 200 day moving average is GBX 739.82.

WPP Increases Dividend

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