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

Key Points

• WPP's stock price dropped 5.9%, closing at GBX 345.90 ($4.60), with trading volume down 54% from its daily average.
• JPMorgan Chase & Co. has lowered WPP's price target from GBX 590 to GBX 480, maintaining a "neutral" rating on the stock.
• The company's current financial metrics include a market capitalization of £3.78 billion and a net margin of only 1.37%.

WPP plc (LON:WPP - Get Free Report) dropped 5.9% during trading on Friday . The company traded as low as GBX 345.90 ($4.60) and last traded at GBX 345.90 ($4.60). Approximately 5,011,130 shares changed 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 590 to GBX 480 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 480.

WPP Stock Performance

The stock has a market capitalization of £3.78 billion, a price-to-earnings ratio of 1,011.56, a PEG ratio of 13.47 and a beta of 1.13. The stock's 50 day moving average is GBX 381.95 and its 200 day moving average is GBX 482.05. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

WPP (LON:WPP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported GBX 20.30 EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, 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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