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

WPP plc (LON:WPP - Get Free Report)'s share price fell 15.8% during mid-day trading on Friday . The company traded as low as GBX 616.60 ($7.89) and last traded at GBX 648.87 ($8.30). 10,108,823 shares were traded during mid-day trading, an increase of 294% from the average session volume of 2,562,713 shares. The stock had previously closed at GBX 770.20 ($9.85).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on WPP from GBX 1,040 ($13.30) to GBX 960 ($12.28) and set a "neutral" rating for the company in a research note on Tuesday, January 7th.

WPP Price Performance

The company has a fifty day moving average of GBX 759.72 and a 200 day moving average of GBX 782.14. The firm has a market capitalization of £6.67 billion, a P/E ratio of 32.68, a PEG 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 - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Sell-side analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

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.