M&C Saatchi (LON:SAA) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.35 and traded as low as GBX 122. M&C Saatchi shares last traded at GBX 122, with a volume of 33,467 shares traded.

Wall Street Analysts Forecast Growth

SAA has been the subject of several recent research reports. Peel Hunt lowered shares of M&C Saatchi to a “hold” rating and lowered their price objective for the company from GBX 185 to GBX 115 in a research note on Monday, November 24th. Berenberg Bank cut their target price on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 174 price target on shares of M&C Saatchi in a research report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 157.25.

M&C Saatchi Stock Up 0.4%

The business has a 50-day simple moving average of GBX 126.75 and a 200-day simple moving average of GBX 133.35. The company has a debt-to-equity ratio of 141.12, a quick ratio of 0.93 and a current ratio of 1.15. The company has a market cap of £147.88 million, a price-to-earnings ratio of 15.19 and a beta of 0.31.

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.