WPP (LON:WPP) Share Price Crosses Above Two Hundred Day Moving Average of $736.56

WPP plc (LON:WPP)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 736.56 ($9.10) and traded as high as GBX 797 ($9.84). WPP shares last traded at GBX 796.40 ($9.84), with a volume of 3,430,692 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WPP shares. Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Thursday, April 18th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($12.35) price target on shares of WPP in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of WPP from GBX 850 ($10.50) to GBX 890 ($10.99) and gave the company a “neutral” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, WPP presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,005.83 ($12.42).

WPP Stock Performance

The business’s 50-day simple moving average is GBX 741.58 and its two-hundred day simple moving average is GBX 737.14. The firm has a market cap of £8.69 billion, a price-to-earnings ratio of 8,124.00, a P/E/G ratio of 2.54 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 0.86 and a debt-to-equity ratio of 179.40.

WPP Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be given a GBX 24.40 ($0.30) 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 dividend payout ratio is 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.