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

WPP plc (LON:WPP) shares traded down 15.6% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650.31 ($8.25). 44,099,922 shares were traded during trading, an increase of 1,200% from the average session volume of 3,391,764 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Upgrades and Downgrades

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

WPP Trading Down 15.1 %

The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of £7.05 billion, a P/E ratio of 34.55, a PEG ratio of 13.47 and a beta of 1.13. The company’s fifty day simple moving average is GBX 775.33 and its 200-day simple moving average is GBX 783.46.

Insider Transactions at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). Insiders own 0.22% of the company’s stock.

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.