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

M&C Saatchi plc (LON:SAA)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 127.49 and traded as high as GBX 131.15. M&C Saatchi shares last traded at GBX 130, with a volume of 34,854 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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 research report on Monday, November 24th. Peel Hunt lowered 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. Deutsche Bank Aktiengesellschaft dropped their price objective on 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 reaffirmed a “buy” rating and issued a GBX 174 target price on shares of M&C Saatchi in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, M&C Saatchi presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 157.25.

M&C Saatchi Stock Down 2.3%

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 market capitalization of £153.94 million, a price-to-earnings ratio of 15.82 and a beta of 1.27. The stock has a 50 day moving average of GBX 127.49 and a 200 day moving average of GBX 146.97.

Insider Activity at M&C Saatchi

In other news, insider Zaid Al-Qassab purchased 79,990 shares of the stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of GBX 125 per share, for a total transaction of £99,987.50. 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.