WPP (LON:WPP) Trading Down 15.8% – Should You Sell?

Shares of WPP plc (LON:WPP) dropped 15.8% on Friday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 648.87 ($8.16). Approximately 10,108,823 shares traded hands 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).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased 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 Price Performance

The business’s 50-day simple moving average is GBX 767.73 and its two-hundred day simple moving average is GBX 782.95. The stock 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%. Research analysts expect that WPP plc will post 81.6125654 earnings per share for the current year.

Insider Activity

In other WPP news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction that occurred on 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). Insiders own 0.22% of the company’s stock.

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.