WPP (LON:WPP) Trading Down 15.8% - What's Next?

WPP plc (LON:WPP - Get Free Report) was down 15.8% during mid-day trading on Thursday . The stock traded as low as GBX 616.60 ($7.77) and last traded at GBX 648.87 ($8.18). 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 ($9.71).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on WPP from GBX 1,040 ($13.11) to GBX 960 ($12.10) and set a "neutral" rating on the stock in a report on Tuesday, January 7th.

WPP Stock Performance

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 stock has a market cap of £6.89 billion, a PE ratio of 33.78, a P/E/G ratio of 13.47 and a beta of 1.13. The business's 50-day moving average price is GBX 767.73 and its 200-day moving average price is GBX 782.95.

WPP (LON:WPP - Get Free Report) last released 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%. As a group, equities research analysts expect that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

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.