WPP (LON:WPP) Trading Down 15.5% – Here’s What Happened

WPP plc (LON:WPP) fell 15.5% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 650.60 ($8.18). 45,256,582 shares were traded during mid-day trading, an increase of 1,223% from the average session volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a report on Tuesday, January 7th.

WPP Stock Performance

The company has a market capitalization of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The business’s fifty day moving average is GBX 767.73 and its two-hundred day moving average is GBX 782.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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

Insider Buying and Selling at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’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 transaction of £75,628.40 ($95,106.14). Company 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.