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

WPP plc (LON:WPP - Get Free Report)'s stock price dropped 16.5% during mid-day trading on Wednesday . The company traded as low as GBX 426 ($5.75) and last traded at GBX 440.30 ($5.94). 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 ($7.12).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating on the stock in a report on Thursday.

WPP Price Performance

The stock has a market cap 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 price of GBX 554.35 and a 200-day moving average price 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.