WPP (LON:WPP) Trading Down 15.8% - What's Next?

WPP plc (LON:WPP - Get Free Report)'s share price was down 15.8% during trading on Wednesday . The company traded as low as GBX 426 ($5.75) and last traded at GBX 444.20 ($5.99). Approximately 120,823,227 shares traded hands during trading, an increase of 1,186% from the average daily volume of 9,395,337 shares. The stock had previously closed at GBX 527.60 ($7.12).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating for the company in a research report on Thursday.

WPP Price Performance

The stock has a fifty day moving average of GBX 554.35 and a 200-day moving average of GBX 630.83. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock has a market capitalization of £4.54 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 13.47 and a beta of 1.13.

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.