WPP (LON:WPP) Shares Down 15.8% – What’s Next?

WPP plc (LON:WPP) shares dropped 15.8% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.80 ($8.23). Approximately 46,905,020 shares changed hands during mid-day trading, an increase of 1,256% from the average daily volume of 3,460,181 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

WPP Stock Performance

The company has a market capitalization of £6.99 billion, a PE ratio of 34.28, a PEG ratio of 13.47 and a beta of 1.13. 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 stock’s fifty day simple moving average is GBX 775.33 and its 200-day simple moving average is GBX 783.46.

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

Insider Activity

In related news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). Corporate 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.