M&C Saatchi (LON:SAA) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

M&C Saatchi plc (LON:SAA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 127.20 and traded as high as GBX 145. M&C Saatchi shares last traded at GBX 143.50, with a volume of 284,153 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank increased their target price on M&C Saatchi from GBX 150 to GBX 170 and gave the stock a “buy” rating in a report on Monday, April 20th. Three equities 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.com, M&C Saatchi currently has an average rating of “Moderate Buy” and a consensus price target of GBX 162.25.

M&C Saatchi Stock Performance

The firm has a market capitalization of £167.08 million, a P/E ratio of -75.27 and a beta of 0.47. The stock has a 50-day moving average of GBX 128.61 and a 200 day moving average of GBX 127.34. The company has a debt-to-equity ratio of 132.12, a quick ratio of 0.93 and a current ratio of 1.11.

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

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.