WPP (LON:WPP) Trading Down 15.8% – What’s Next?

Shares of WPP plc (LON:WPP) dropped 15.8% on Thursday . The company traded as low as GBX 616.60 ($7.77) and last traded at GBX 648.87 ($8.18). Approximately 10,108,823 shares changed hands during trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.71).

Analyst Ratings Changes

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

WPP Trading Down 0.2 %

The business has a 50 day moving average of GBX 771.52 and a two-hundred day moving average of GBX 783.20. 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 firm has a market capitalization of £6.94 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 13.47 and a beta of 1.13.

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

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.84), for a total transaction of £75,628.40 ($95,321.91). Corporate 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.