WPP (LON:WPP) Hits New 1-Year Low – Here’s What Happened

WPP plc (LON:WPPGet Free Report)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 251 and last traded at GBX 251.80, with a volume of 18673064 shares. The stock had previously closed at GBX 272.40.

WPP News Summary

Here are the key news stories impacting WPP this week:

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on WPP

WPP Stock Down 6.2%

The company has a market cap of £2.76 billion, a P/E ratio of 7.38, a P/E/G ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The business’s 50 day moving average is GBX 306.15 and its 200 day moving average is GBX 332.41.

WPP (LON:WPPGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported GBX (20) earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, equities analysts anticipate that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling at WPP

In other news, insider Cindy Rose bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were purchased at an average price of GBX 269 per share, for a total transaction of £134,500. 2.02% of the stock is owned by company insiders.

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.

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