WPP (LON:WPP) Shares Down 18.8% - Should You Sell?

WPP plc (LON:WPP - Get Free Report) shares traded down 18.8% during mid-day trading on Wednesday . The stock traded as low as GBX 426 ($5.79) and last traded at GBX 428.60 ($5.82). 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 ($7.17).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased 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 research note on Thursday.

WPP Price Performance

The firm has a market cap of £4.71 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock's fifty day moving average price is GBX 560.67 and its 200-day moving average price is GBX 637.76. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

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.