WPP (LON:WPP) Shares Down 17.7% - What's Next?

WPP plc (LON:WPP - Get Free Report) traded down 17.7% on Wednesday . The stock traded as low as GBX 434.20 ($5.86) and last traded at GBX 434.40 ($5.86). 116,564,641 shares were traded during mid-day trading, an increase of 1,145% from the average session volume of 9,362,828 shares. The stock had previously closed at GBX 527.60 ($7.12).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating on the stock in a research report on Thursday.

WPP Price Performance

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 company has a market cap of £4.54 billion, a P/E ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13. The business's fifty day moving average is GBX 554.35 and its 200 day moving average is GBX 630.83.

WPP Company Profile

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.