WPP (LON:WPP) Hits New 12-Month Low – Here’s Why

WPP plc (LON:WPP)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 218.50 and last traded at GBX 224.20, with a volume of 38727199 shares changing hands. The stock had previously closed at GBX 227.10.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating and issued a GBX 365 price objective on shares of WPP in a research note on Monday, January 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, WPP has an average rating of “Hold” and a consensus target price of GBX 362.50.

WPP Price Performance

The stock’s 50 day moving average price is GBX 274.53 and its 200-day moving average price is GBX 314.46. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 334.84. The stock has a market capitalization of £2.42 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 13.47 and a beta of 0.53.

WPP (LON:WPP) last posted its quarterly earnings results on Thursday, February 26th. The company reported GBX (20) EPS for the quarter. WPP had a negative return on equity of 7.54% and a negative net margin of 1.59%. As a group, equities analysts forecast that WPP plc will post 81.6125654 EPS for the current year.

Insider Transactions at WPP

In related news, insider Cindy Rose bought 50,000 shares of WPP stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of GBX 269 per share, with a total value of £134,500. Also, insider Philip Jansen purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of GBX 255 per share, with a total value of £127,500. 2.03% of the stock is owned by corporate insiders.

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.