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

Shares of M&C Saatchi plc (LON:SAA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 126.24 and traded as low as GBX 125.50. M&C Saatchi shares last traded at GBX 127.50, with a volume of 1,727,435 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Berenberg Bank upped their price objective on shares of M&C Saatchi from GBX 150 to GBX 170 and gave the company a “buy” rating in a report on Monday, April 20th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 174 price objective on shares of M&C Saatchi in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 162.25.

M&C Saatchi Price Performance

The stock’s fifty day moving average is GBX 120.19 and its 200-day moving average is GBX 126.24. The stock has a market capitalization of £153.66 million, a PE ratio of 15.88 and a beta of 0.38. The company has a debt-to-equity ratio of 132.12, a current ratio of 1.11 and a quick ratio of 0.93.

M&C Saatchi (LON:SAA) last announced its quarterly earnings results on Monday, April 20th. The company reported GBX (1.85) earnings per share (EPS) for the quarter. M&C Saatchi had a negative return on equity of 6.04% and a negative net margin of 0.64%.The firm had revenue of £347.40 million for the quarter.

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.