WPP (LON:WPP) Stock Passes Above Two Hundred Day Moving Average of $736.56

WPP plc (LON:WPP) shares 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.

Analyst Upgrades and Downgrades

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

WPP Stock Down 0.9 %

The firm has a market cap of £8.52 billion, a P/E ratio of 7,964.00, a P/E/G ratio of 2.54 and a beta of 1.14. The company has a debt-to-equity ratio of 179.40, a current ratio of 0.86 and a quick ratio of 0.89. The stock’s 50 day simple moving average is GBX 740.97 and its two-hundred day simple moving average is GBX 736.56.

WPP Increases Dividend

The business also recently announced 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. This represents a yield of 3.13%. The ex-dividend date is Thursday, June 6th. This is an increase from WPP’s previous dividend of $15.00. WPP’s payout ratio is 39,000.00%.

About WPP

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.