M&C Saatchi (LON:SAA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of M&C Saatchi plc (LON:SAA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.29 and traded as high as GBX 140. M&C Saatchi shares last traded at GBX 138.50, with a volume of 117,933 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAA. Berenberg Bank boosted their price objective on shares of M&C Saatchi from GBX 150 to GBX 170 and gave the stock a “buy” rating in a research report on Monday, April 20th. Panmure Gordon restated a “buy” rating and issued a GBX 174 price objective on shares of M&C Saatchi in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 162.25.

M&C Saatchi Price Performance

The company has a debt-to-equity ratio of 132.12, a quick ratio of 0.93 and a current ratio of 1.11. The firm’s 50-day moving average is GBX 122.67 and its two-hundred day moving average is GBX 126.29. The stock has a market cap of £166.18 million, a P/E ratio of -74.86 and a beta of 0.47.

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