M&C Saatchi (LON:SAA) Shares Pass Below 200-Day Moving Average – Here’s Why

M&C Saatchi plc (LON:SAA)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 144.37 and traded as low as GBX 130. M&C Saatchi shares last traded at GBX 130.11, with a volume of 11,818 shares traded.

Analyst Upgrades and Downgrades

SAA has been the topic of several analyst reports. Panmure Gordon reiterated a “buy” rating and issued a GBX 174 target price on shares of M&C Saatchi in a research note on Monday, January 19th. Berenberg Bank decreased their price objective on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Peel Hunt cut M&C Saatchi to a “hold” rating and decreased their price target for the stock from GBX 185 to GBX 115 in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, M&C Saatchi currently has an average rating of “Moderate Buy” and a consensus price target of GBX 157.25.

M&C Saatchi Price Performance

The stock has a market capitalization of £163.03 million, a PE ratio of 16.75 and a beta of 1.27. The firm’s fifty day moving average price is GBX 128.30 and its two-hundred day moving average price is GBX 144.37. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51.

Insiders Place Their Bets

In other news, insider Zaid Al-Qassab purchased 79,990 shares of the stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of GBX 125 per share, with a total value of £99,987.50. Corporate insiders own 31.21% of the company’s stock.

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.