WPP (LON:WPP) Trading Down 5.9% - Should You Sell?

Key Points

• WPP plc's stock saw a significant decline of 5.9%, trading at GBX 345.90 ($4.60), which is a drop from its previous close of GBX 367.60 ($4.89).
• JPMorgan Chase & Co. has reduced their price target for WPP from GBX 590 to GBX 480 and currently rates the stock as "neutral".
• The company's debt-to-equity ratio is quite high at 215.67, and it reported a net margin of only 1.37% for the last quarter.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 590 to GBX 480 and set a "neutral" rating for the company in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 480.

WPP Trading Down 5.9%

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The company has a market cap of £3.73 billion, a PE ratio of 999.71, a P/E/G ratio of 13.47 and a beta of 1.13. The business's 50-day simple moving average is GBX 381.95 and its 200-day simple moving average is GBX 482.05.

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

About WPP

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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