WPP (LON:WPP) Trading Down 5.9% - Time to Sell?

Key Points

• WPP plc shares dropped 5.9% on Thursday, closing at GBX 345.90 ($4.60), which is significantly lower than the previous close of GBX 367.60 ($4.89).
• JPMorgan Chase & Co. revised their price target for WPP from GBX 590 to GBX 480, rating the stock as "neutral" with a consensus rating of "Moderate Buy".
• The company reported earnings of GBX 20.30 per share for the last quarter, with analysts projecting a total of approximately 81.61 EPS for the current year.

WPP plc (LON:WPP - Get Free Report)'s share price dropped 5.9% during mid-day trading on Friday . The stock 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 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).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target 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 given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 480.

WPP Stock Up 1.0%

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 stock has a market capitalization of £3.77 billion, a P/E ratio of 1,009.83, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock's fifty day simple moving average is GBX 381.95 and its two-hundred day simple moving average is GBX 482.05.

WPP (LON:WPP - Get Free Report) last posted 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%. As a group, research analysts expect that WPP plc will post 81.6125654 EPS for the current fiscal 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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