M&C Saatchi (LON:SAA) Share Price Crosses Below 200-Day Moving Average – What’s Next?

M&C Saatchi plc (LON:SAA) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 168.17 ($2.25) and traded as low as GBX 127.50 ($1.70). M&C Saatchi shares last traded at GBX 132 ($1.76), with a volume of 415,171 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAA. Peel Hunt reiterated a “buy” rating and set a GBX 185 price objective on shares of M&C Saatchi in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of M&C Saatchi from GBX 248 to GBX 220 and set a “buy” rating for the company in a research report on Thursday, September 18th. Finally, Berenberg Bank reduced their price objective on shares of M&C Saatchi from GBX 240 to GBX 200 and set a “buy” rating for the company in a research note on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, M&C Saatchi has an average rating of “Buy” and a consensus price target of GBX 201.67.

M&C Saatchi Price Performance

The firm has a 50 day moving average of GBX 153.95 and a 200-day moving average of GBX 168.17. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. The company has a market cap of £158.18 million, a P/E ratio of 16.25 and a beta of 1.27.

M&C Saatchi (LON:SAA) last announced its quarterly earnings data on Thursday, September 18th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. M&C Saatchi had a net margin of 2.43% and a return on equity of 34.45%.

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.