Panmure Gordon Reaffirms “Buy” Rating for M&C Saatchi (LON:SAA)

M&C Saatchi (LON:SAA)‘s stock had its “buy” rating reissued by research analysts at Panmure Gordon in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 174 target price on the stock. Panmure Gordon’s target price would suggest a potential upside of 34.88% from the company’s previous close.

SAA has been the subject of several other reports. Berenberg Bank cut their price target 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 decreased their price target 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 lowered M&C Saatchi to a “hold” rating and dropped their price objective for the company from GBX 185 to GBX 115 in a research note on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 157.25.

M&C Saatchi Price Performance

Shares of M&C Saatchi stock traded up GBX 4 on Monday, reaching GBX 129. The stock had a trading volume of 63,097 shares, compared to its average volume of 101,163. The business’s 50 day moving average is GBX 127.38 and its two-hundred day moving average is GBX 149.53. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. M&C Saatchi has a 1 year low of GBX 100.50 and a 1 year high of GBX 200. The company has a market cap of £156.36 million, a P/E ratio of 16.06 and a beta of 1.27.

Insider Activity

In other news, insider Zaid Al-Qassab bought 79,990 shares of M&C Saatchi stock in a transaction on Monday, December 1st. The shares were purchased at an average price of GBX 125 per share, for a total transaction of £99,987.50. 31.21% of the stock is owned by corporate insiders.

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.