WPP (LON:WPP) Shares Down 15.5% – What’s Next?

WPP plc (LON:WPP) shares fell 15.5% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650.60 ($8.25). 45,256,582 shares traded hands during trading, an increase of 1,223% from the average session volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on 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 Stock Performance

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 50 day moving average of GBX 775.33 and a 200 day moving average of GBX 783.46. The firm has a market cap of £6.99 billion, a price-to-earnings ratio of 34.28, 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 ($0.64) 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 EPS for the current fiscal year.

Insider Activity at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.91), for a total value of £75,628.40 ($95,914.27). 0.22% of the stock is owned by corporate insiders.

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.