WPP (LON:WPP) Stock Price Down 15.1% – Should You Sell?

WPP plc (LON:WPP)’s share price was down 15.1% during trading 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 were traded during mid-day 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered 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 Stock Down 15.8 %

The firm 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 stock has a fifty day moving average of GBX 775.33 and a 200 day moving average of GBX 783.46. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

WPP (LON:WPP) last posted its quarterly earnings data 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%. On average, research analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insider Buying and Selling at WPP

In related news, insider Joanne Wilson sold 8,794 shares of WPP 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 value of £75,628.40 ($95,914.27). 0.22% of the stock is owned by corporate 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.