WPP (LON:WPP) Shares Down 15.1% – Time to Sell?

WPP plc (LON:WPP)’s stock price dropped 15.1% on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 654 ($8.29). Approximately 45,559,234 shares traded hands during trading, an increase of 1,229% from the average daily volume of 3,427,357 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on shares of 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 Price Performance

The business has a 50 day simple moving average of GBX 775.33 and a 200-day simple moving average of GBX 783.46. The company has a market capitalization of £6.99 billion, a P/E ratio of 34.28, a PEG 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 posted 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 net margin of 1.37% and a return on equity of 5.92%. Analysts predict that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Transactions at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). Insiders own 0.22% of the company’s stock.

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.