WPP (LON:WPP) Stock Price Up 8.8% Following Insider Buying Activity

WPP plc (LON:WPP) shares rose 8.8% during trading on Monday following insider buying activity. The stock traded as high as GBX 325.18 and last traded at GBX 313.67. Approximately 13,143,966 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 10,520,306 shares. The stock had previously closed at GBX 288.30.

Specifically, insider Cindy Rose purchased 50,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was purchased at an average price of GBX 289 per share, with a total value of £144,500. Also, insider Philip Jansen acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of GBX 285 per share, for a total transaction of £142,500.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on shares of WPP from GBX 420 to GBX 360 and set a “neutral” rating for the company in a report on Friday, October 31st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, WPP presently has a consensus rating of “Hold” and a consensus target price of GBX 360.

WPP Stock Up 8.8%

The company’s 50 day simple moving average is GBX 345.76 and its 200-day simple moving average is GBX 436.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a market cap of £3.38 billion, a P/E ratio of 9.07, a PEG ratio of 13.47 and a beta of 1.13.

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.