WPP (LON:WPP) Trading Down 5.9% - Here's Why

Key Points

• WPP's stock dropped 5.9% during mid-day trading, closing at GBX 345.90 ($4.60), significantly below its previous close of GBX 367.60 ($4.89).
• JPMorgan Chase & Co. revised WPP's price target downwards from GBX 590 to GBX 480 and currently holds a "neutral" rating on the stock.
• WPP reported a net margin of 1.37% and has an earnings per share (EPS) estimate of 81.61 for the current year, reflecting ongoing financial challenges.

WPP plc (LON:WPP - Get Free Report) was down 5.9% during mid-day trading on Friday . The company traded as low as GBX 345.90 ($4.60) and last traded at GBX 345.90 ($4.60). Approximately 5,011,130 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 10,990,854 shares. The stock had previously closed at GBX 367.60 ($4.89).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 590 to GBX 480 and set a "neutral" rating on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, WPP currently has an average rating of "Moderate Buy" and an average target price of GBX 480.

WPP Stock Up 1.2%

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's 50 day moving average is GBX 381.95 and its two-hundred day moving average is GBX 482.05. The firm has a market capitalization of £3.78 billion, a P/E ratio of 1,011.56, a PEG ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported GBX 20.30 earnings per share for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. Research analysts predict that WPP plc will post 81.6125654 EPS for the current year.

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. We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.

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