WPP (LON:WPP) Shares Down 15.8% – Time to Sell?

WPP plc (LON:WPP)’s share price was down 15.8% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.87 ($8.23). Approximately 10,108,823 shares changed hands during mid-day trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of 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 market cap of £6.99 billion, a PE ratio of 34.28, a P/E/G ratio of 13.47 and a beta of 1.13. The stock has a 50-day moving average of GBX 775.33 and a 200-day moving average of GBX 783.46. 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 released its quarterly 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%. Sell-side analysts predict that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The stock was 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 company 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.