WPP (LON:WPP) Stock Price Down 18.8% - Here's Why

Shares of WPP plc (LON:WPP - Get Free Report) dropped 18.8% during mid-day trading on Wednesday . The stock traded as low as GBX 426 ($5.79) and last traded at GBX 428.60 ($5.82). Approximately 16,481,008 shares changed hands during trading, an increase of 92% from the average daily volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.17).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on WPP from GBX 590 ($8.02) to GBX 480 ($6.52) and set a "neutral" rating for the company in a research note on Thursday.

WPP Trading Up 1.1%

The stock has a fifty day moving average of GBX 560.67 and a 200 day moving average of GBX 637.76. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of £4.67 billion, a PE ratio of 22.89, a PEG 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.