WPP (LON:WPP) Stock Price Down 15.5% – Here’s Why

Shares of WPP plc (LON:WPP) were down 15.5% on Thursday . The stock traded as low as GBX 616.60 ($7.82) and last traded at GBX 650.60 ($8.25). Approximately 45,256,582 shares changed hands during trading, an increase of 1,223% from the average daily volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analysts Forecast Growth

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

WPP Stock Down 15.8 %

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 £6.99 billion, a P/E ratio of 34.28, a P/E/G ratio of 13.47 and a beta of 1.13. The firm has a 50-day simple moving average of GBX 775.33 and a 200 day simple moving average of GBX 783.46.

WPP (LON:WPP) last posted its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) 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 EPS for the current year.

Insider Activity

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