Key Points
- WPP insider Peter Agnefjäll bought 75,000 shares on May 21 at an average price of GBX 281, totaling about £210,750.
- WPP shares were down 0.8% and opened at GBX 273, near the middle of their 12-month range of GBX 218.50 to GBX 605.40.
- Analysts remain cautious on the stock, with Citigroup raising its target to GBX 285 and maintaining a neutral rating; the broader consensus is Hold with a target of GBX 322.50.
WPP plc (LON:WPP - Get Free Report) insider Peter Agnefjäll purchased 75,000 shares of WPP stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of GBX 281 per share, for a total transaction of £210,750.
WPP Stock Down 0.8%
LON:WPP opened at GBX 273 on Friday. WPP plc has a 12-month low of GBX 218.50 and a 12-month high of GBX 605.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 334.84. The firm has a market capitalization of £2.94 billion, a P/E ratio of -13.65, a P/E/G ratio of 13.47 and a beta of 0.65. The stock's fifty day simple moving average is GBX 253.28 and its 200-day simple moving average is GBX 283.52.
WPP (LON:WPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported GBX (20) earnings per share (EPS) for the quarter. WPP had a negative return on equity of 7.54% and a negative net margin of 1.59%. Equities research analysts expect that WPP plc will post 81.6125654 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Citigroup lifted their target price on WPP from GBX 275 to GBX 285 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 322.50.
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WPP Company Profile
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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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