WPP (LON:WPP) Stock Price Down 15.8% – Here’s Why

WPP plc (LON:WPP)’s share price traded down 15.8% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.77) and last traded at GBX 648.87 ($8.18). 10,108,823 shares were traded during mid-day trading, an increase of 294% from the average session volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.71).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 1,040 ($13.11) to GBX 960 ($12.10) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

WPP Stock Performance

The stock has a market capitalization of £6.99 billion, a P/E ratio of 34.28, 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 two-hundred day moving average is GBX 783.46. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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 net margin of 1.37% and a return on equity of 5.92%. As a group, sell-side analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Transactions at WPP

In other news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.84), for a total value of £75,628.40 ($95,321.91). 0.22% of the stock is currently owned by 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.