WPP (LON:WPP) Shares Down 15.8% – Here’s Why

WPP plc (LON:WPP) traded down 15.8% during mid-day trading on Friday . The stock traded as low as GBX 616.60 ($7.77) and last traded at GBX 648.87 ($8.18). 10,108,823 shares were traded during trading, an increase of 294% from the average session volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.71).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target on shares of WPP from GBX 1,040 ($13.11) to GBX 960 ($12.10) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Trading Down 0.2 %

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 stock’s fifty day moving average price is GBX 771.52 and its 200 day moving average price is GBX 783.20. The stock has a market cap of £6.94 billion, a P/E ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. Equities research analysts expect that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Transactions at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.84), for a total value of £75,628.40 ($95,321.91). 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.