WPP (LON:WPP) Trading Down 15.6% – Here’s Why

WPP plc (LON:WPP) fell 15.6% on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650 ($8.24). 44,890,617 shares changed hands during trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on 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 Trading Down 15.1 %

The stock’s 50 day moving average is GBX 775.33 and its 200-day moving average is GBX 783.46. The company has a market cap of £7.05 billion, a P/E ratio of 34.55, a PEG 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.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction on 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). Corporate insiders own 0.22% of the company’s stock.

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.