WPP (LON:WPP) shares break above 200-day moving average of $752.61

Shares of WPP plc (LON:WPP – Get Your Free Report ) broke above their two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 752.61 ($9.94) and has traded as high as GBX 757 ($10.00). WPP stock last traded at GBX 757 ($10.00), with a volume of 1,829,648 shares.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts have commented on WPP shares. Deutsche Bank Aktiengesellschaft reduced their target price on WPP from GBX 990 ($13.08) to GBX 950 ($12.55) and set a “buy” rating on the stock in a report on Friday, August 9th . Shore Capital reissued a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 910 ($12.02), according to MarketBeat.com.

See our latest analysis of WPP

WPP stock down 0.2%

The company has a quick ratio of 0.89, a current ratio of 0.89, and a debt-to-equity ratio of 190.55. The stock has a market cap of £8.31 billion, a P/E ratio of 4,050.53, a PEG ratio of 13.47 and a beta of 1.13. The company has a fifty day moving average price of GBX 725.91 and a 200 day moving average price of GBX 753.06.

WPP cuts dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.20). This represents a yield of 2.09%. The ex-dividend date is Thursday, October 10. WPP’s payout ratio is 20,526.32%.

WPP Company Profile

(Get a free report)

WPP plc, a creative transformation company, provides communications, experience, commerce and technology services in North America, the United Kingdom, Western Continental Europe, Asia Pacific, Latin America, Africa, the Middle East and Central and Eastern Europe. The company operates through three segments: integrated global agencies, public relations and specialty agencies.

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