WPP (LON:WPP) Shares Down 5.9% - Here's What Happened

Key Points

• WPP plc shares dropped by 5.9%, trading at GBX 345.90 ($4.60), with volume down 54% from its average.
• Analysts at JPMorgan Chase & Co. have lowered their target price for WPP from GBX 590 to GBX 480 and rated it as "neutral."
• The company's current debt-to-equity ratio stands at 215.67, indicating significant leverage in its financial structure.

WPP plc (LON:WPP - Get Free Report) was down 5.9% during trading on Thursday . The stock traded as low as GBX 345.90 ($4.60) and last traded at GBX 345.90 ($4.60). Approximately 5,011,130 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 10,990,854 shares. The stock had previously closed at GBX 367.60 ($4.89).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 480.

WPP Price Performance

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 firm has a market capitalization of £3.73 billion, a P/E ratio of 999.71, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a 50-day moving average price of GBX 381.95 and a 200-day moving average price of GBX 482.05.

WPP (LON:WPP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 20.30 earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. On average, sell-side analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

About WPP

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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