M&C Saatchi (LON:SAA) Shares Down 0.8% – Here’s Why

M&C Saatchi plc (LON:SAA) was down 0.8% during mid-day trading on Monday. The company traded as low as GBX 117 and last traded at GBX 118. 28,149 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 207,464 shares. The stock had previously closed at GBX 119.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of M&C Saatchi from GBX 195 to GBX 175 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 163.50.

M&C Saatchi Stock Performance

The stock has a fifty day simple moving average of GBX 126.57 and a two-hundred day simple moving average of GBX 130.73. The company has a debt-to-equity ratio of 185.24, a quick ratio of 0.93 and a current ratio of 1.12. The stock has a market capitalization of £140.28 million, a price-to-earnings ratio of -14.05 and a beta of 0.55.

M&C Saatchi (LON:SAA) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (3.52) earnings per share (EPS) for the quarter. M&C Saatchi had a negative return on equity of 32.44% and a negative net margin of 3.00%.

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.