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

WPP plc (LON:WPP - Get Free Report)'s share price traded down 18.8% during mid-day trading on Wednesday . The company traded as low as GBX 426 ($5.79) and last traded at GBX 428.60 ($5.82). 16,481,002 shares traded hands during 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).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on WPP from GBX 590 ($8.02) to GBX 480 ($6.52) and set a "neutral" rating on the stock in a research report on Thursday.

WPP Stock Up 1.1%

The stock has a market capitalization of £4.67 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth 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. The firm has a 50-day moving average of GBX 560.67 and a two-hundred day moving average of GBX 637.76.

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.