WPP (LON:WPP) Trading Down 15.8% – Should You Sell?

WPP plc (LON:WPP)’s stock price fell 15.8% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.87 ($8.16). 10,108,823 shares changed 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 ($9.69).

Analysts Set New Price Targets

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

WPP Stock Down 0.2 %

The firm has a 50-day moving average price of GBX 767.73 and a two-hundred day moving average price of GBX 782.95. The company has a market capitalization of £6.94 billion, a P/E ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.

WPP (LON:WPP) last released its quarterly 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%. Equities research analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Transactions at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.82), for a total transaction of £75,628.40 ($95,118.10). 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.