WPP (LON:WPP) Stock Price Down 15.6% – Time to Sell?

WPP plc (LON:WPP) shares traded down 15.6% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 650 ($8.17). 44,890,617 shares changed hands during trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut 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 Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm’s 50 day simple moving average is GBX 767.73 and its 200 day simple moving average is GBX 782.95. 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.

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

Insiders Place Their Bets

In other 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). 0.22% of the stock is owned by 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.