Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for M&C Saatchi (LON:SAA) Stock Price

M&C Saatchi (LON:SAA) had its price target lowered by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 220 to GBX 190 in a research note issued on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 62.39% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Panmure Gordon cut their price objective on M&C Saatchi from GBX 200 to GBX 174 and set a “buy” rating on the stock in a report on Monday. Peel Hunt downgraded shares of M&C Saatchi to a “hold” rating and dropped their target price for the stock from GBX 185 to GBX 115 in a research report on Monday. Finally, Berenberg Bank reduced their price target on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a research report on Monday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 157.25.

M&C Saatchi Stock Down 2.1%

Shares of LON SAA opened at GBX 117 on Monday. The stock has a market capitalization of £141.82 million, a PE ratio of 14.57 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51. The firm has a fifty day moving average of GBX 136.79 and a 200-day moving average of GBX 163.27. M&C Saatchi has a 52-week low of GBX 100.50 and a 52-week high of GBX 200.

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

About M&C Saatchi

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.