WPP (LON:WPP) Stock Price Down 19.4% – What’s Next?

Shares of WPP plc (LON:WPP) were down 19.4% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 620.80 ($7.81). Approximately 41,867,664 shares traded hands during trading, an increase of 1,155% from the average daily volume of 3,337,319 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 report on Tuesday, January 7th.

WPP Stock Down 0.2 %

The firm’s fifty day simple moving average is GBX 767.73 and its 200-day simple moving average is GBX 782.95. The company has a market cap of £6.94 billion, a PE ratio of 34.02, a P/E/G 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 announced its 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%. As a group, equities research analysts expect that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Activity at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). Corporate 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.