WPP (LON:WPP) Reaches New 12-Month Low – What’s Next?

WPP plc (LON:WPP) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 260.30 and last traded at GBX 260.60, with a volume of 27477963 shares traded. The stock had previously closed at GBX 267.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WPP. Citigroup reissued a “neutral” rating and issued a GBX 365 target price on shares of WPP in a research report on Monday, January 12th. JPMorgan Chase & Co. decreased their target price on shares of WPP from GBX 420 to GBX 360 and set a “neutral” rating for the company in a research note on Friday, October 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 362.50.

WPP Stock Performance

The company has a market capitalization of £2.79 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The firm has a fifty day simple moving average of GBX 319.62 and a 200 day simple moving average of GBX 347.95. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

Insider Activity

In related news, insider Cindy Rose purchased 50,000 shares of WPP stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen acquired 50,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of GBX 285 per share, with a total value of £142,500. 2.01% of the stock is owned by corporate insiders.

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.