WPP (LON:WPP) Shares Down 15.5% – Time to Sell?

WPP plc (LON:WPP)’s stock price was down 15.5% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650.60 ($8.25). Approximately 45,256,582 shares traded hands during mid-day trading, an increase of 1,223% from the average daily volume of 3,419,975 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analyst Ratings Changes

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 research report on Tuesday, January 7th.

WPP Price Performance

The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day moving average price of GBX 775.33 and a two-hundred day moving average price of GBX 783.46. The firm has a market capitalization of £6.99 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 13.47 and a beta of 1.13.

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

Insider Buying and Selling

In related news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.91), for a total transaction 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.