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

Shares of WPP plc (LON:WPP) were up 8.8% during mid-day 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 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 firm’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen purchased 50,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of GBX 285 per share, for a total transaction of £142,500.

Analyst Ratings Changes

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

WPP Price Performance

The company has a market cap of £3.38 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day moving average of GBX 345.76 and a 200-day moving average of GBX 436.53.

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.