WPP (LON:WPP) Shares Down 15.7% – What’s Next?

WPP plc (LON:WPP)’s stock price traded down 15.7% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 649.40 ($8.24). 47,374,742 shares traded hands during mid-day trading, an increase of 1,265% from the average session volume of 3,471,637 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analysts Set New Price Targets

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

WPP Stock Down 15.8 %

The company’s fifty day moving average price is GBX 775.33 and its 200-day moving average price is GBX 783.46. The stock has a market cap of £6.99 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

WPP (LON:WPP) last released its quarterly earnings data 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%. Equities analysts forecast that WPP plc will post 81.6125654 EPS for the current year.

Insiders Place Their Bets

In related news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction that occurred 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). 0.22% of the stock is owned by company 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.