WPP (LON:WPP) Shares Down 15.7% – Here’s Why

WPP plc (LON:WPP) fell 15.7% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 649.40 ($8.17). 47,374,742 shares traded hands during mid-day trading, an increase of 1,265% from the average session volume of 3,471,637 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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 Price Performance

The business has a fifty day simple moving average of GBX 767.73 and a two-hundred day simple moving average of GBX 782.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock 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.

WPP (LON:WPP) last posted its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Research analysts forecast that WPP plc will post 81.6125654 earnings per share for the current year.

Insiders Place Their Bets

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