WPP (LON:WPP) Stock Price Down 15.5% – What’s Next?

WPP plc (LON:WPP)’s share price traded down 15.5% during trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 650.60 ($8.18). 45,256,582 shares were traded during trading, an increase of 1,223% from the average session volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Stock Performance

The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day moving average is GBX 767.73 and its 200 day moving average is GBX 782.95. The firm has a market cap of £6.94 billion, a P/E ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, research analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). 0.22% of the stock is owned by corporate 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.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.