WPP (LON:WPP) Stock Price Down 15.8% – What’s Next?

WPP plc (LON:WPPGet Free Report)’s stock price fell 15.8% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.87 ($8.23). 10,108,823 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on shares of 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.

View Our Latest Report on WPP

WPP Stock Performance

The company has a 50-day moving average of GBX 775.33 and a 200-day moving average of GBX 783.46. The firm has a market capitalization of £6.99 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

WPP (LON:WPPGet Free Report) last posted its quarterly 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 forecast that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling at WPP

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 stock was 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.

WPP Company Profile

(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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