WPP (LON:WPP) Stock Price Down 16.5% - What's Next?

WPP plc (LON:WPP - Get Free Report)'s share price was down 16.5% on Wednesday . The company 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 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).

Analysts Set New Price Targets

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

WPP Stock Performance

The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of £4.67 billion, a PE ratio of 22.89, a P/E/G ratio of 13.47 and a beta of 1.13. The company's fifty day simple moving average is GBX 560.67 and its 200 day simple moving average is 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.