WPP (LON:WPP) Trading Down 18.8% - Time to Sell?

Shares of WPP plc (LON:WPP - Get Free Report) dropped 18.8% during mid-day trading on Wednesday . The company traded as low as GBX 426 ($5.75) and last traded at GBX 428.60 ($5.78). Approximately 16,481,008 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.12).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating on the stock in a research note on Thursday.

WPP Stock Down 2.9%

The company has a market capitalization of £4.54 billion, a PE ratio of 22.23, a P/E/G ratio of 13.47 and a beta of 1.13. 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 company has a 50-day moving average of GBX 554.35 and a two-hundred day moving average of GBX 630.83.

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.