M&C Saatchi (LON:SAA) Stock 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 Thursday . The stock has a 200-day moving average of GBX 131.72 and traded as low as GBX 115.50. M&C Saatchi shares last traded at GBX 116.31, with a volume of 316,964 shares traded.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 174 price objective on shares of M&C Saatchi in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 157.25.

M&C Saatchi Stock Down 0.6%

The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 141.12. The stock has a market cap of £140.98 million, a P/E ratio of 14.48 and a beta of 0.31. The firm has a 50-day simple moving average of GBX 125.59 and a two-hundred day simple moving average of GBX 131.72.

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.