WPP (LON:WPP) Shares Down 18.8% - Here's What Happened

WPP plc (LON:WPP - Get Free Report) shares were down 18.8% during mid-day trading on Wednesday . The stock traded as low as GBX 426 ($5.79) and last traded at GBX 428.60 ($5.82). Approximately 16,481,008 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.17).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced 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.

WPP Price Performance

The stock has a market capitalization of £4.67 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 13.47 and a beta of 1.13. 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 fifty day simple moving average of GBX 557.73 and a two-hundred day simple moving average of GBX 635.04.

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.