WPP (LON:WPP) Stock Price Down 15.6% – What’s Next?

WPP plc (LON:WPP) shares traded down 15.6% during trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 650 ($8.17). 44,890,617 shares changed hands during mid-day 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 ($9.69).

Analyst Ratings Changes

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

WPP Trading Down 0.2 %

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 business has a fifty day simple moving average of GBX 767.73 and a 200 day simple moving average of GBX 782.95. The company has a market cap of £6.94 billion, a P/E ratio of 34.02, a P/E/G ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last released its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joanne Wilson sold 8,794 shares of the firm’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). Company 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.