WPP (LON:WPP) Stock Price Down 16.1% – Time to Sell?

WPP plc (LON:WPP) shares were down 16.1% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 646.20 ($8.13). Approximately 43,476,680 shares were traded during mid-day trading, an increase of 1,188% from the average daily volume of 3,376,563 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analysts Forecast Growth

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

WPP Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm 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. The company has a 50-day moving average of GBX 767.73 and a 200-day moving average of GBX 782.95.

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

Insiders Place Their Bets

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

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.