WPP (LON:WPP) Trading Down 15.8% - Here's What Happened

WPP plc (LON:WPP - Get Free Report)'s stock price traded down 15.8% on Friday . The stock 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).

Analyst Upgrades and Downgrades

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

WPP Stock Down 3.3 %

The business's 50 day moving average is GBX 759.72 and its 200-day moving average is GBX 782.14. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of £6.67 billion, a PE ratio of 32.68, a P/E/G ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. As a group, analysts predict that WPP plc will post 81.6125654 EPS for the current 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.