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

WPP plc (LON:WPP - Get Free Report)'s share price fell 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). 16,481,008 shares traded hands during mid-day trading, an increase of 92% from the average session 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 objective on shares of 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 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 business's fifty day moving average price is GBX 554.35 and its two-hundred day moving average price is GBX 632.21. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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.