WPP (LON:WPP) Trading Down 15.6% – Here’s What Happened

WPP plc (LON:WPP) fell 15.6% on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 650 ($8.17). 44,890,617 shares traded hands during trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on 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 Price Performance

The stock has a 50 day simple moving average of GBX 767.73 and a two-hundred day simple moving average of GBX 782.95. The company has a market cap 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 debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

WPP (LON:WPP) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. On average, equities research analysts predict that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). Corporate insiders own 0.22% of the company’s stock.

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.