WPP (LON:WPP) Stock Price Down 15.1% – Here’s Why

WPP plc (LON:WPP)’s stock price was down 15.1% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 654 ($8.22). Approximately 45,559,234 shares traded hands during trading, an increase of 1,229% from the average daily 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 Stock Performance

The company has a market capitalization of £6.94 billion, a P/E ratio of 34.02, a P/E/G 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. The business’s fifty day simple moving average is GBX 767.73 and its 200-day simple moving average is GBX 782.95.

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

Insiders Place Their Bets

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

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.