M&C Saatchi (LON:SAA) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

M&C Saatchi plc (LON:SAA)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.53 and traded as low as GBX 124. M&C Saatchi shares last traded at GBX 126.50, with a volume of 29,628 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SAA. Berenberg Bank cut their target price on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a research note on Monday, November 24th. Peel Hunt cut M&C Saatchi to a “hold” rating and reduced their price objective for the stock from GBX 185 to GBX 115 in a report on Monday, November 24th. Panmure Gordon decreased their target price on M&C Saatchi from GBX 200 to GBX 174 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating on the stock in a research note on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 157.25.

M&C Saatchi Price Performance

The company’s fifty day moving average price is GBX 129.34 and its 200 day moving average price is GBX 158.53. The company has a market capitalization of £149.09 million, a P/E ratio of 15.32 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.

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

Insider Activity at M&C Saatchi

In related news, insider Zaid Al-Qassab purchased 79,990 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average price of GBX 125 per share, with a total value of £99,987.50. Insiders own 31.21% of the company’s stock.

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.