WPP (LON:WPP) Trading Down 18.5% - Time to Sell?

Shares of WPP plc (LON:WPP - Get Free Report) were down 18.5% during trading on Wednesday . The stock traded as low as GBX 426.10 ($5.75) and last traded at GBX 430.02 ($5.80). Approximately 117,943,641 shares were traded during mid-day trading, an increase of 1,158% from the average daily volume of 9,373,355 shares. The stock had previously closed at GBX 527.60 ($7.12).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on shares of 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's 50-day simple moving average is GBX 554.35 and its two-hundred day simple moving average is GBX 630.83. 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 cap of £4.54 billion, a P/E ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13.

About WPP

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.