JPMorgan Chase & Co. Issues Pessimistic Forecast for WPP (LON:WPP) Stock Price

WPP (LON:WPP - Get Free Report) had its price target cut by investment analysts at JPMorgan Chase & Co. from GBX 590 ($8.02) to GBX 480 ($6.52) in a report released on Thursday, MarketBeat reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 14.07% from the stock's previous close.

WPP Trading Down 2.9%

Shares of WPP stock traded down GBX 12.60 ($0.17) on Thursday, hitting GBX 420.80 ($5.72). The company had a trading volume of 6,790,644 shares, compared to its average volume of 8,583,976. The firm has a market cap of £4.54 billion, a P/E ratio of 22.23, a P/E/G ratio of 13.47 and a beta of 1.13. The stock's 50-day moving average is GBX 557.73 and its two-hundred day moving average is GBX 635.04. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. WPP has a twelve month low of GBX 415.60 ($5.65) and a twelve month high of GBX 903 ($12.27).

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. 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.