WPP (LON:WPP) Reaches New 52-Week Low – What’s Next?

WPP plc (LON:WPP) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 603 ($7.80) and last traded at GBX 604.80 ($7.83), with a volume of 9014023 shares trading hands. The stock had previously closed at GBX 611.60 ($7.92).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on WPP from GBX 1,040 ($13.46) to GBX 960 ($12.43) and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

WPP Stock Down 1.2 %

The firm’s 50 day moving average is GBX 703.17 and its two-hundred day moving average is GBX 770.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a market cap of £6.43 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last issued its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.65) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, research analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.

WPP Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be issued a dividend of GBX 24.40 ($0.32) per share. This represents a yield of 3.91%. This is an increase from WPP’s previous dividend of $15.00. The ex-dividend date is Thursday, June 5th. WPP’s payout ratio is presently 206.02%.

Insider Buying and Selling at WPP

In related news, insider Joanne Wilson sold 23,371 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of GBX 640 ($8.28), for a total value of £149,574.40 ($193,598.76). Also, insider Andrew Scott sold 50,492 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 634 ($8.21), for a total value of £320,119.28 ($414,340.25). Corporate 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.