WPP (LON:WPP) Shares Down 15.8% - What's Next?

WPP plc (LON:WPP - Get Free Report) dropped 15.8% on Wednesday . The company traded as low as GBX 426 ($5.75) and last traded at GBX 444.20 ($5.99). Approximately 120,823,227 shares changed hands during trading, an increase of 1,186% from the average daily volume of 9,395,337 shares. The stock had previously closed at GBX 527.60 ($7.12).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating for the company in a research note on Thursday.

WPP Trading Down 2.9%

The business has a 50 day simple moving average of GBX 554.35 and a two-hundred day simple moving average of GBX 630.83. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock has a market cap of £4.54 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth 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.