WPP (LON:WPP) Reaches New 52-Week Low – Here’s What Happened

WPP plc (LON:WPPGet Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 626 ($7.94) and last traded at GBX 626.20 ($7.94), with a volume of 41415238 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on WPP

WPP Trading Down 15.1 %

The company’s 50 day simple moving average is GBX 775.33 and its 200 day simple moving average 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. The firm has a market cap of £7.05 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 13.47 and a beta of 1.13.

Insider Buying and Selling

In related news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total value of £75,628.40 ($95,914.27). 0.22% of the stock is currently owned by insiders.

About WPP

(Get Free Report)

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.

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