WPP (LON:WPP) Trading Down 15.7% – Time to Sell?

WPP plc (LON:WPP) shares traded down 15.7% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 649.20 ($8.23). 47,024,117 shares were traded during trading, an increase of 1,258% from the average session volume of 3,463,086 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Trading Down 15.8 %

The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50 day simple moving average is GBX 775.33 and its 200 day simple moving average is GBX 783.46. The stock has a market cap of £6.99 billion, a P/E ratio of 34.28, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last posted its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. On average, analysts expect that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Activity

In other WPP 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 ($10.91), for a total value of £75,628.40 ($95,914.27). 0.22% of the stock is owned by corporate 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.