M&C Saatchi (LON:SAA) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 128.58 and traded as high as GBX 139.25. M&C Saatchi shares last traded at GBX 138, with a volume of 270,146 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, M&C Saatchi presently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.25.

M&C Saatchi Price Performance

The stock has a market cap of £160.58 million, a price-to-earnings ratio of -72.43 and a beta of 0.49. The company has a debt-to-equity ratio of 132.12, a current ratio of 1.11 and a quick ratio of 0.93. The stock’s 50 day simple moving average is GBX 134.63 and its two-hundred day simple moving average is GBX 128.62.

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

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.