WPP (LON:WPP) Trading Down 16.5% - Here's Why

WPP plc (LON:WPP - Get Free Report)'s share price fell 16.5% during trading on Wednesday . The stock traded as low as GBX 426 ($5.75) and last traded at GBX 440.30 ($5.94). 123,022,313 shares changed hands during trading, an increase of 1,207% from the average session volume of 9,412,123 shares. The stock had previously closed at GBX 527.60 ($7.12).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective on 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 Trading Down 2.9%

The firm has a market capitalization of £4.54 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The firm has a 50-day moving average of GBX 554.35 and a 200-day moving average of GBX 632.21. The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current 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.