WPP (LON:WPP) Trading Down 15.4% After Analyst Downgrade

WPP plc (LON:WPP)’s share price traded down 15.4% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 420 to GBX 360. JPMorgan Chase & Co. currently has a neutral rating on the stock. WPP traded as low as GBX 295 and last traded at GBX 305.10. 261,962,219 shares were traded during mid-day trading, an increase of 2,131% from the average session volume of 11,742,923 shares. The stock had previously closed at GBX 360.60.

WPP Trading Down 4.1%

The company has a market cap of £3.13 billion, a P/E ratio of 8.38, a PEG ratio of 13.47 and a beta of 1.13. The stock’s 50 day moving average is GBX 369.72 and its 200-day moving average is GBX 458.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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

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