WPP (LON:WPP) Reaches New 52-Week Low - What's Next?

Key Points

• WPP plc shares have reached a new 52-week low, trading as low as GBX 347.70 ($4.62) on Thursday and closing at GBX 349.20 ($4.64).
• Analysts at JPMorgan Chase & Co. have reduced their price target on WPP from GBX 590 to GBX 480 and assigned a "neutral" rating for the company.
• WPP's current financial ratios highlight concerns, with a debt-to-equity ratio of 215.67 and a PE ratio of 999.71, indicating potential financial challenges ahead.

Shares of WPP plc (LON:WPP - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 347.70 ($4.62) and last traded at GBX 349.20 ($4.64), with a volume of 7565174 shares. The stock had previously closed at GBX 367.60 ($4.89).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on WPP from GBX 590 to GBX 480 and set a "neutral" rating for the company in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 480.

WPP Price Performance

The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of £3.73 billion, a PE ratio of 999.71, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The firm has a 50-day simple moving average of GBX 381.95 and a 200 day simple moving average of GBX 482.05.

WPP (LON:WPP - Get Free Report) last announced its quarterly earnings data 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, equities analysts expect that WPP plc will post 81.6125654 EPS for the current 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.

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