WPP (LON:WPP) Stock Price Down 15.1% – What’s Next?

Shares of WPP plc (LON:WPP) traded down 15.1% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 654 ($8.22). 45,559,234 shares changed hands during mid-day trading, an increase of 1,229% from the average session volume of 3,427,357 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective 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 Trading Down 0.2 %

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 firm has a market capitalization of £6.94 billion, a PE ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13. The stock’s fifty day simple moving average is GBX 767.73 and its 200 day simple moving average is GBX 782.95.

WPP (LON:WPP) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

Insiders Place Their Bets

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