WPP (LON:WPP) Trading Down 15.6% – Here’s What Happened

WPP plc (LON:WPP)’s share price was 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). Approximately 44,890,617 shares were traded during mid-day trading, an increase of 1,216% from the average daily volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analysts Set New Price Targets

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

WPP Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock has a 50-day moving average price of GBX 767.73 and a 200 day moving average price of GBX 782.95. The firm has a market capitalization of £6.94 billion, a PE ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Equities analysts forecast 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 stock was sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). 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.