WPP (LON:WPP) Trading Down 15.1% – Should You Sell?

WPP plc (LON:WPP) was down 15.1% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 654 ($8.22). Approximately 45,559,234 shares were traded during mid-day trading, an increase of 1,229% from the average daily volume of 3,427,357 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 shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

WPP Price Performance

The company has a 50-day moving average of GBX 767.73 and a 200-day moving average of GBX 782.95. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of £6.94 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last released its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) earnings per share (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 predict that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). Company 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.