WPP (LON:WPP) Stock Price Down 18.8% - Here's What Happened

WPP plc (LON:WPP - Get Free Report)'s stock price fell 18.8% during trading on Wednesday . The company traded as low as GBX 426 ($5.75) and last traded at GBX 428.60 ($5.78). 16,481,002 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.12).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped 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 Price Performance

The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day moving average price of GBX 554.35 and a two-hundred day moving average price of GBX 632.21. The firm has a market capitalization of £4.54 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13.

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.