M&C Saatchi (LON:SAA) Price Target Lowered to GBX 174 at Panmure Gordon

M&C Saatchi (LON:SAA) had its price objective cut by Panmure Gordon from GBX 200 to GBX 174 in a report released on Monday, MarketBeat reports. They currently have a buy rating on the stock.

SAA has been the subject of several other research reports. Peel Hunt cut M&C Saatchi to a “hold” rating and cut their price objective for the stock from GBX 185 to GBX 115 in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price target on M&C Saatchi from GBX 248 to GBX 220 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Finally, Berenberg Bank cut their price target on M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a report on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 164.75.

M&C Saatchi Stock Performance

LON:SAA opened at GBX 119.50 on Monday. M&C Saatchi has a 1 year low of GBX 100.50 and a 1 year high of GBX 200. The firm’s fifty day simple moving average is GBX 137.69 and its 200 day simple moving average is GBX 163.58. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. The firm has a market capitalization of £144.85 million, a PE ratio of 14.88 and a beta of 1.27.

M&C Saatchi (LON:SAA) last released its earnings results on Thursday, September 18th. The company reported GBX 4.20 earnings per share for the quarter. M&C Saatchi had a net margin of 2.43% and a return on equity of 34.45%.

M&C Saatchi Company Profile

We are a global marketing services business working across a wide variety of industry sectors with a strategy focused on winning new business and starting new businesses.