WPP (LON:WPP) Stock Price Down 15.8% – Time to Sell?

WPP plc (LON:WPP)’s share price was down 15.8% on Thursday . The stock traded as low as GBX 616.60 ($7.82) and last traded at GBX 648.87 ($8.23). Approximately 10,108,823 shares were traded during 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price 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 Trading Down 15.8 %

The company has a fifty day simple moving average of GBX 775.33 and a two-hundred day simple moving average of GBX 783.46. The stock has a market capitalization of £6.99 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current 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 ($0.64) earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. On average, sell-side analysts expect that WPP plc will post 81.6125654 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction on 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). 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.