WPP (LON:WPP) Trading Down 15.8% – Here’s What Happened

Shares of WPP plc (LON:WPP) traded down 15.8% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.80 ($8.23). 46,905,020 shares traded hands during trading, an increase of 1,256% from the average session 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 price objective on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Trading Down 15.8 %

The firm has a fifty day simple moving average of GBX 775.33 and a two-hundred day simple moving average of GBX 783.46. 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 firm has a market cap of £6.99 billion, a PE ratio of 34.28, a PEG ratio of 13.47 and a beta of 1.13.

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

Insider Activity

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