WPP plc (LON:WPP - Get Free Report)'s stock price dropped 18.8% 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 ($5.79) and last traded at GBX 428.60 ($5.82). Approximately 16,481,008 shares traded hands during 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).
WPP Stock Performance
The stock has a 50-day moving average of GBX 560.67 and a 200-day moving average of GBX 637.76. The firm has a market cap of £4.74 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth 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.
WPP Company Profile
(
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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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