WPP (LON:WPP) Shares Down 15.8% – Here’s What Happened

Shares of WPP plc (LON:WPP) dropped 15.8% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.87 ($8.16). Approximately 10,108,823 shares changed hands during trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Stock Down 0.2 %

The firm has a 50-day moving average price of GBX 767.73 and a two-hundred day moving average price of GBX 782.95. The firm has a market cap of £6.94 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

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

Insider Activity at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the 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). 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.