WPP (LON:WPP) Stock Price Down 5.9% – Should You Sell?

Shares of WPP plc (LON:WPP) dropped 5.9% during mid-day trading on Friday . The company traded as low as GBX 345.90 ($4.62) and last traded at GBX 345.90 ($4.62). Approximately 5,011,130 shares changed hands 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 ($4.91).

Wall Street Analysts Forecast Growth

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

WPP Stock Performance

The stock has a market cap of £3.71 billion, a P/E ratio of 994.48, a PEG ratio of 13.47 and a beta of 1.13. The business has a 50 day moving average price of GBX 380.76 and a 200 day moving average price of GBX 479.24. 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) last released its earnings results on Thursday, August 7th. The company reported GBX 20.30 EPS for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, sell-side analysts expect 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.

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