M&C Saatchi (LON:SAA) Share Price Passes Above Two Hundred Day Moving Average of $155.97

Shares of M&C Saatchi plc (LON:SAA – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 155.97 ($1.90) and traded as high as GBX 190 ($2.32). M&C Saatchi shares last traded at GBX 188.60 ($2.30), with a volume of 101,799 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SAA shares. Peel Hunt raised M&C Saatchi to a “buy” rating and decreased their target price for the stock from GBX 247 ($3.01) to GBX 200 ($2.44) in a report on Tuesday, January 24th. Numis Securities boosted their target price on M&C Saatchi from GBX 230 ($2.80) to GBX 270 ($3.29) and gave the stock a “buy” rating in a report on Friday, February 24th.

M&C Saatchi Price Performance

The company has a 50 day moving average of GBX 175.21 and a 200-day moving average of GBX 155.97. The firm has a market capitalization of £230.58 million, a P/E ratio of 3,772.00 and a beta of 1.37. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 220.74.

M&C Saatchi Company Profile

(Get Rating)

M&C Saatchi plc provides advertising and marketing services in the United Kingdom, Europe, the Middle East, Africa, Asia, Australia, and the Americas. It offers its services in the areas of media and performance, advertising and CRM, sponsorship, branding, and global and social issues. The company was founded in 1995 and is based in London, the United Kingdom.