WPP (LON:WPP) Shares Down 18.8% After Analyst Downgrade

WPP plc (LON:WPP - Get Free Report)'s stock price traded down 18.8% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 590 to GBX 480. JPMorgan Chase & Co. currently has a neutral rating on the stock. WPP traded as low as GBX 426 ($5.75) and last traded at GBX 428.60 ($5.78). 16,481,008 shares were traded during mid-day trading, an increase of 92% from the average session volume of 8,598,831 shares. The stock had previously closed at GBX 527.60 ($7.12).

WPP Stock Down 2.9%

The company has a market cap of £4.54 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 13.47 and a beta of 1.13. The business has a fifty day moving average of GBX 554.35 and a two-hundred day moving average of GBX 629.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

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.