JPMorgan Chase & Co. Has Lowered Expectations for WPP (LON:WPP) Stock Price

WPP (LON:WPP - Get Free Report) had its target price cut by equities research analysts at JPMorgan Chase & Co. from GBX 590 ($7.96) to GBX 480 ($6.47) in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 14.07% from the company's current price.

WPP Stock Performance

WPP stock traded down GBX 12.60 ($0.17) during trading hours on Thursday, hitting GBX 420.80 ($5.67). The stock had a trading volume of 6,790,644 shares, compared to its average volume of 8,583,976. The company has a 50-day moving average of GBX 554.35 and a two-hundred day moving average of GBX 629.43. 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 has a fifty-two week low of GBX 415.60 ($5.60) and a fifty-two week high of GBX 903 ($12.18). The company has a market cap of £4.54 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

About WPP

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.