WPP (LON:WPP) Shares Down 15.4% – Here’s What Happened

WPP plc (LON:WPP)’s stock price was down 15.4% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.82) and last traded at GBX 651.41 ($8.26). Approximately 46,065,320 shares changed hands during mid-day trading, an increase of 1,239% from the average daily volume of 3,439,700 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

WPP Price 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 company has a market cap of £6.99 billion, a P/E ratio of 34.28, a P/E/G ratio of 13.47 and a beta of 1.13. The firm’s fifty day moving average is GBX 775.33 and its two-hundred day moving average is GBX 783.46.

WPP (LON:WPP) last posted its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). 0.22% of the stock is currently 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.