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

WPP plc (LON:WPP) fell 15.5% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.82) and last traded at GBX 650.60 ($8.25). 45,256,582 shares changed hands during 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 ($9.77).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

WPP Price Performance

The company has a market capitalization of £6.99 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company’s 50-day moving average price is GBX 775.33 and its two-hundred day moving average price is GBX 783.46. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

WPP (LON:WPP) last issued its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.64) earnings per share 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 expect that WPP plc will post 81.6125654 EPS for the current year.

Insider Buying and Selling at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). 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.