WPP (LON:WPP) Trading Down 15.1% – Time to Sell?

WPP plc (LON:WPP) fell 15.1% on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 654 ($8.22). 45,559,234 shares traded hands during 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. lowered their price target on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating on the stock in a report on Tuesday, January 7th.

WPP Price 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 stock has a market capitalization of £6.94 billion, a PE ratio of 34.02, a P/E/G ratio of 13.47 and a beta of 1.13. The stock’s 50-day moving average is GBX 767.73 and its 200 day moving average is GBX 782.95.

WPP (LON:WPP) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. As a group, equities analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity

In related news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). 0.22% of the stock is owned by corporate insiders.

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.