WPP (LON:WPP) Sets New 12-Month Low – Should You Sell?

WPP plc (LON:WPP)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 508 ($6.49) and last traded at GBX 510.80 ($6.53), with a volume of 8320889 shares. The stock had previously closed at GBX 544.40 ($6.96).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 1,040 ($13.29) to GBX 960 ($12.27) and set a “neutral” rating on the stock in a report on Tuesday, January 7th.

WPP Trading Up 8.2 %

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 business has a 50 day moving average price of GBX 660.45 and a 200-day moving average price of GBX 755.45. The company has a market cap of £5.79 billion, a P/E ratio of 28.37, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. Analysts forecast that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

WPP Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be paid a GBX 24.40 ($0.31) dividend. This is a positive change from WPP’s previous dividend of $15.00. The ex-dividend date is Thursday, June 5th. This represents a yield of 3.91%. WPP’s dividend payout ratio is currently 206.02%.

Insider Transactions at WPP

In related news, insider Andrew Scott sold 50,492 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 634 ($8.10), for a total value of £320,119.28 ($409,045.85). Also, insider Joanne Wilson sold 23,371 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 640 ($8.18), for a total transaction of £149,574.40 ($191,124.97). 0.22% of the stock is currently 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.