WPP (LON:WPP) Shares Down 15.4% – Here’s What Happened

WPP plc (LON:WPP) shares fell 15.4% during trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 651.41 ($8.19). 46,065,320 shares traded hands during mid-day trading, an increase of 1,239% from the average session volume of 3,439,700 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on 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 business has a 50 day simple moving average of GBX 767.73 and a 200 day simple moving average of GBX 782.95. 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 company has a market capitalization of £6.94 billion, a PE ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13.

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 predict that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Buying and Selling at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). 0.22% of the stock is currently owned by company 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.