WPP (LON:WPP) Shares Down 15.8% – Time to Sell?

WPP plc (LON:WPP)’s share price was down 15.8% during trading on Thursday . The company traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.87 ($8.16). Approximately 10,108,823 shares were traded during trading, an increase of 294% from the average daily volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.69).

Wall Street Analysts Forecast Growth

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

WPP Stock Performance

The firm’s fifty day simple moving average is GBX 767.73 and its 200 day simple moving average is GBX 782.95. The company has a market capitalization of £6.94 billion, a PE 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 issued its 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, research analysts predict that WPP plc will post 81.6125654 EPS for the current year.

Insider Activity at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.82), for a total value of £75,628.40 ($95,118.10). 0.22% of the stock is 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.