WPP plc (LON:WPP - Get Free Report)'s share price dropped 16.5% on Wednesday . The stock traded as low as GBX 426 ($5.79) and last traded at GBX 440.30 ($5.98). Approximately 123,022,313 shares were traded during mid-day trading, an increase of 1,207% from the average daily volume of 9,412,123 shares. The stock had previously closed at GBX 527.60 ($7.17).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. cut their price target 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.
Get Our Latest Analysis on WPP
WPP Trading Down 2.9%
The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of £4.54 billion, a PE ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13. The stock has a fifty day moving average of GBX 557.73 and a 200 day moving average of GBX 635.04.
About WPP
(
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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.
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