WPP (LON:WPP) Stock Price Down 15.6% – What’s Next?

WPP plc (LON:WPP) shares fell 15.6% during trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 650 ($8.17). 44,890,617 shares changed hands during mid-day trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analysts Set New Price Targets

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

WPP Trading Down 0.2 %

The stock has a market capitalization of £6.94 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13. The firm has a 50-day moving average of GBX 767.73 and a 200 day moving average of GBX 782.95. 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:WPP) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, equities analysts predict that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Activity

In other news, insider Joanne Wilson sold 8,794 shares of WPP 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). 0.22% of the stock is owned by insiders.

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.