WPP (LON:WPP) Trading Down 15.7% – What’s Next?

WPP plc (LON:WPP)’s stock price traded down 15.7% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 649.20 ($8.17). 47,024,117 shares were traded during trading, an increase of 1,258% from the average session volume of 3,463,086 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased 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 Down 0.2 %

The stock has a market cap of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. 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 business has a 50-day moving average price of GBX 767.73 and a 200-day moving average price of GBX 782.95.

WPP (LON:WPP) last posted 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%. As a group, analysts forecast that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity at WPP

In related 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 ($10.82), for a total value of £75,628.40 ($95,118.10). 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.