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

WPP plc (LON:WPP - Get Free Report) dropped 15.8% during 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 objective on shares of WPP from GBX 1,040 ($13.11) to GBX 960 ($12.10) and set a "neutral" rating on the stock in a research note on Tuesday, January 7th.

WPP Stock Down 0.7 %

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 has a 50 day moving average price of GBX 767.73 and a 200 day moving average price of GBX 782.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.

WPP (LON:WPP - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that WPP plc will post 81.6125654 EPS for the current fiscal 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.