WPP (LON:WPP) Shares Down 15.8% – Should You Sell?

Shares of WPP plc (LON:WPP) were 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 648.87 ($8.23). Approximately 10,108,823 shares traded hands during mid-day trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on 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 firm has a market capitalization of £6.99 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The firm’s 50-day moving average price is GBX 775.33 and its 200 day moving average price is GBX 783.46. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

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

Insider Buying and Selling

In other WPP 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 value of £75,628.40 ($95,914.27). 0.22% of the stock is currently owned by 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.