WPP (LON:WPP) Trading Down 15.4% – What’s Next?

WPP plc (LON:WPP)’s share price dropped 15.4% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.82) and last traded at GBX 651.41 ($8.26). Approximately 46,065,320 shares traded hands during trading, an increase of 1,239% from the average daily volume of 3,439,700 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Upgrades and Downgrades

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

WPP Price Performance

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 stock’s 50 day moving average price is GBX 775.33 and its two-hundred day moving average price is GBX 783.46. The firm has a market capitalization of £6.99 billion, a price-to-earnings ratio of 34.28, a PEG 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 ($0.64) earnings per share (EPS) for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, equities research analysts anticipate that WPP plc will post 81.6125654 EPS for the current year.

Insider Transactions at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction dated Monday, December 2nd. The shares were 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 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.