WPP (LON:WPP) Shares Down 18.8% on Analyst Downgrade

WPP plc (LON:WPP) was down 18.8% during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 590 to GBX 480. JPMorgan Chase & Co. currently has a neutral rating on the stock. WPP traded as low as GBX 426 ($5.79) and last traded at GBX 428.60 ($5.82). Approximately 16,481,008 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.17).

WPP Price Performance

The firm has a market cap of £4.67 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock’s 50-day moving average is GBX 557.73 and its 200-day moving average is GBX 635.04. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.

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.