WPP (LON:WPP) Stock Price Down 5.9% – Here’s What Happened

WPP plc (LON:WPP) shares were down 5.9% on Thursday . The stock traded as low as GBX 345.90 ($4.60) and last traded at GBX 345.90 ($4.60). Approximately 5,011,130 shares were traded during trading, a decline of 54% from the average daily volume of 10,990,854 shares. The stock had previously closed at GBX 367.60 ($4.89).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on WPP from GBX 590 to GBX 480 and set a “neutral” rating on the stock in a report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, WPP currently has a consensus rating of “Moderate Buy” and an average price target of GBX 480.

WPP Stock Performance

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 stock has a 50-day simple moving average of GBX 381.95 and a 200 day simple moving average of GBX 482.05. The company has a market capitalization of £3.73 billion, a PE ratio of 999.71, a P/E/G ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last released its earnings results on Thursday, August 7th. The company reported GBX 20.30 earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. Equities analysts anticipate that WPP plc will post 81.6125654 EPS 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.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.