WPP (LON:WPP) Stock Price Down 15.5% – Here’s What Happened

Shares of WPP plc (LON:WPP) traded down 15.5% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 650.60 ($8.18). 45,256,582 shares were traded during mid-day trading, an increase of 1,223% from the average session volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analysts Set New Price Targets

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

WPP Trading Down 0.2 %

The company has a 50-day moving average of GBX 767.73 and a 200 day moving average of 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 company has a market cap of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last announced its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Analysts predict that WPP plc will post 81.6125654 earnings per share for the current 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 that occurred on Monday, December 2nd. The stock was 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.

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.