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

WPP plc (LON:WPP - Get Free Report) dropped 5.9% during 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 changed hands 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).Analyst Upgrades and DowngradesSeparately, 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 research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 480.View Our Latest Analysis on WPPWPP Stock PerformanceThe stock has a market capitalization of £3.78 billion, a price-to-earnings ratio of 1,011.56, a PEG ratio of 13.47 and a beta of 1.13. The stock's 50 day moving average is GBX 381.95 and its 200 day moving average is GBX 482.05. 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 (LON:WPP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported GBX 20.30 EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, analysts predict that WPP plc will post 81.6125654 earnings per share for the current year. About WPP (Get Free Report)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. See AlsoFive stocks we like better than WPPHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsWhy Amazon’s Prime Day May Be the Catalyst for a Year-End RallyWhat Do S&P 500 Stocks Tell Investors About the Market? Let the Good Times Roll: 2 Stocks Showing No Signs of SlowingInsider Selling Explained: Can it Inform Your Investing Choices?Café Culture Revival? 3 Stocks to Watch After Chick-fil-A’s MoveThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in WPP Right Now?Before you consider WPP, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.While WPP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here