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

WPP plc (LON:WPP) shares traded down 15.5% during trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 650.60 ($8.18). 45,256,582 shares changed hands during 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

WPP Stock Performance

The stock has a market capitalization of £6.94 billion, a price-to-earnings ratio of 34.02, 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. The stock’s 50-day simple moving average is GBX 767.73 and its 200 day simple moving average is GBX 782.95.

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%. Analysts expect that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction that occurred 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 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.