WPP (LON:WPP) Stock Price Down 15.1% - Here's Why

WPP plc (LON:WPP - Get Free Report) shares traded down 15.1% during mid-day trading on Wednesday . The company traded as low as GBX 447.70 ($6.08) and last traded at GBX 448 ($6.09). 113,859,727 shares traded hands during trading, an increase of 1,119% from the average session volume of 9,342,180 shares. The stock had previously closed at GBX 527.60 ($7.17).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on 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 Stock Performance

The business has a 50 day simple moving average of GBX 560.67 and a 200 day simple moving average of GBX 637.76. 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 company has a market capitalization of £4.67 billion, a PE ratio of 22.89, 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.