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

WPP plc (LON:WPP)’s share price dropped 15.5% during mid-day trading 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 were traded during mid-day 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. decreased their target price 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 Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock has a market cap of £7.05 billion, a PE ratio of 34.55, a P/E/G ratio of 13.47 and a beta of 1.13. The company’s 50 day moving average is GBX 775.33 and its 200-day moving average is GBX 783.46.

Insider Activity

In related 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.

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.