WPP (LON:WPP) Shares Down 15.6% – Time to Sell?

WPP plc (LON:WPP)’s share price fell 15.6% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650 ($8.24). 44,890,617 shares were traded during trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analysts Forecast Growth

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

WPP Stock Performance

The company has a 50-day simple moving average of GBX 775.33 and a two-hundred day simple moving average of GBX 783.46. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of £7.05 billion, a P/E ratio of 34.55, a PEG ratio of 13.47 and a beta of 1.13.

Insider Activity at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the firm’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). 0.22% of the stock is currently owned by corporate insiders.

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.