WPP (LON:WPP) Stock Price Down 19.4% – Should You Sell?

Shares of WPP plc (LON:WPP) traded down 19.4% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 620.80 ($7.81). 41,867,664 shares changed hands during mid-day trading, an increase of 1,155% from the average session volume of 3,337,319 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Stock Down 0.2 %

The company has a market capitalization of £6.94 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm’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 posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) 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, sell-side analysts anticipate that WPP plc will post 81.6125654 EPS for the current fiscal year.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction 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 company insiders.

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.