WPP (LON:WPP) Trading Down 15.8% – Here’s What Happened

WPP plc (LON:WPP) dropped 15.8% on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.80 ($8.16). Approximately 46,905,020 shares traded hands during mid-day trading, an increase of 1,256% from the average daily volume of 3,460,181 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Ratings Changes

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

WPP Price Performance

The company’s 50-day simple moving average is GBX 767.73 and its 200-day simple moving average is GBX 782.95. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The stock 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 released 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 net margin of 1.37% and a return on equity of 5.92%. Research analysts forecast that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). Company 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.