WPP (LON:WPP) Trading Down 15.8% – Here’s What Happened

WPP plc (LON:WPP) shares were down 15.8% on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.87 ($8.23). Approximately 10,108,823 shares were traded during trading, an increase of 294% from the average daily 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. cut 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 Stock Down 15.8 %

The company 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. The firm has a 50-day moving average price of GBX 775.33 and a two-hundred day moving average price of 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.

WPP (LON:WPP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.64) earnings per share for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. As a group, sell-side analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Transactions at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on 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 owned by company 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.