WPP (LON:WPP) Stock Price Down 15.8% – What’s Next?

WPP plc (LON:WPP)’s stock price was down 15.8% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.87 ($8.16). Approximately 10,108,823 shares changed hands during mid-day trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Upgrades and Downgrades

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

WPP Stock Performance

The stock has a 50-day moving average of GBX 767.73 and a 200 day moving average of GBX 782.95. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of £6.94 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

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

Insider Buying and Selling

In other news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.82), for a total transaction of £75,628.40 ($95,118.10). Corporate insiders own 0.22% of the company’s stock.

About WPP

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.