WPP (LON:WPP) Stock Price Down 14.8% – Should You Sell?

WPP plc (LON:WPP) fell 14.8% during trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 656.20 ($8.25). 45,311,363 shares changed hands during mid-day trading, an increase of 1,224% from the average session volume of 3,421,311 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a 50-day moving average price of GBX 767.73 and a 200 day moving average price of GBX 782.95. The firm has a market capitalization of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth 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 ($0.63) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Research analysts expect that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). Company insiders own 0.22% of the company’s stock.

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.