WPP (LON:WPP) Trading Down 16.1% – Here’s What Happened

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

Analyst Ratings Changes

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

WPP Trading Down 0.2 %

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

WPP (LON:WPP) last issued its quarterly earnings data 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, analysts forecast that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Transactions at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction that occurred 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). Corporate insiders own 0.22% of the company’s stock.

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.