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

WPP plc (LON:WPP) shares fell 15.6% during mid-day trading 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 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 ($9.77).

Analyst Ratings Changes

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

WPP Stock Down 15.1 %

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 firm has a market capitalization of £7.05 billion, a P/E ratio of 34.55, a P/E/G ratio of 13.47 and a beta of 1.13. The stock’s 50-day simple moving average is GBX 775.33 and its 200-day simple moving average is GBX 783.46.

Insider Buying and Selling at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction on 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). Corporate 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.