Wpp Plc (LON:WPP) Insider Mark Read Sells 4,838 Shares

Wpp Plc (LON:WPP) insider Mark Read sold 4,838 shares of WPP stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of GBX 984 ($12.86), for a total transaction of £47,605.92 ($62,205.57).

WPP stock opened at GBX 985.20 ($12.87) on Tuesday. The company has a 50 day moving average price of GBX 967.49 and a 200 day moving average price of GBX 967.48. Wpp Plc has a 52 week low of GBX 791 ($10.34) and a 52 week high of GBX 1,047 ($13.68). The company has a debt-to-equity ratio of 87.58, a quick ratio of 0.93 and a current ratio of 0.95. The firm has a market capitalization of $12.51 billion and a price-to-earnings ratio of 17.69.

Several research analysts have issued reports on the stock. UBS Group set a GBX 1,125 ($14.70) price target on shares of WPP and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Berenberg Bank restated a “hold” rating and issued a GBX 985 ($12.87) price target on shares of WPP in a research report on Friday, October 25th. Credit Suisse Group restated a “restricted” rating on shares of WPP in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Goldman Sachs Group decreased their price objective on shares of WPP from GBX 1,200 ($15.68) to GBX 1,160 ($15.16) and set a “buy” rating for the company in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,120.42 ($14.64).

WPP Company Profile

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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