Shares of WPP plc (LON:WPP – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 272.89 and traded as high as GBX 291.70. WPP shares last traded at GBX 282.40, with a volume of 3,546,437 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Citigroup upped their price target on shares of WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 405 price objective on shares of WPP in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 350.
WPP Stock Down 2.2%
Insider Buying and Selling
In other WPP news, insider Peter Agnefjäll bought 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of GBX 281 per share, for a total transaction of £210,750. Also, insider Cindy Rose sold 88,227 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 282, for a total transaction of £248,800.14. 2.04% of the stock is owned by insiders.
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.
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