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.
Check Out Our Latest Research Report on WPP
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
(
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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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