WPP plc (LON:WPP - Get Free Report) shares were down 15.8% during trading on Wednesday . The stock traded as low as GBX 426 ($5.79) and last traded at GBX 444 ($6.03). Approximately 122,111,563 shares traded hands during trading, an increase of 1,198% from the average daily volume of 9,405,171 shares. The stock had previously closed at GBX 527.60 ($7.17).
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reduced their target price on shares of WPP from GBX 590 ($8.02) to GBX 480 ($6.52) and set a "neutral" rating for the company in a report on Thursday.
Get Our Latest Analysis on WPP
WPP Price Performance
The company's fifty day moving average is GBX 557.73 and its 200 day moving average is GBX 635.04. The firm has a market cap of £4.54 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.
About WPP
(
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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.
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