WPP (LON:WPP) Shares Down 15.8% - Here's Why

WPP plc (LON:WPP - Get Free Report) shares dropped 15.8% during trading on Thursday . The company traded as low as GBX 616.60 ($7.89) and last traded at GBX 648.87 ($8.30). Approximately 10,108,823 shares were traded 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 ($9.85).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut 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 report on Tuesday, January 7th.

WPP Stock Down 3.3 %

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The company has a market capitalization of £6.67 billion, a PE ratio of 32.68, a PEG ratio of 13.47 and a beta of 1.13. The company's 50 day moving average is GBX 759.72 and its two-hundred day moving average is GBX 782.14.

WPP (LON:WPP - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) earnings per share for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, analysts anticipate 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.