WPP (LON:WPP) Shares Down 19.4% – Here’s Why

WPP plc (LON:WPP) shares fell 19.4% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 620.80 ($7.87). 41,867,664 shares changed hands during mid-day trading, an increase of 1,155% from the average session volume of 3,337,319 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Upgrades and Downgrades

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 note on Tuesday, January 7th.

WPP Trading Down 15.1 %

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 stock has a market capitalization of £7.05 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock has a 50-day moving average price of GBX 775.33 and a two-hundred day moving average price of GBX 783.46.

Insider Activity at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total value of £75,628.40 ($95,914.27). 0.22% of the stock is currently owned by company 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.