M&C Saatchi (LON:SAA) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

M&C Saatchi plc (LON:SAA)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 140.32 and traded as low as GBX 123. M&C Saatchi shares last traded at GBX 124, with a volume of 98,838 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAA. Peel Hunt lowered shares of M&C Saatchi to a “hold” rating and cut their target price for the company from GBX 185 to GBX 115 in a report on Monday, November 24th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 174 price target on shares of M&C Saatchi in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft dropped their target price on M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating for the company in a report on Monday, November 24th. Finally, Berenberg Bank dropped their price objective on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, M&C Saatchi currently has a consensus rating of “Moderate Buy” and an average target price of GBX 157.25.

M&C Saatchi Trading Up 0.8%

The business’s 50-day simple moving average is GBX 129.32 and its two-hundred day simple moving average is GBX 140.32. The firm has a market capitalization of £151.51 million, a price-to-earnings ratio of 15.57 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51.

Insider Buying and Selling

In other news, insider Zaid Al-Qassab purchased 79,990 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of GBX 125 per share, for a total transaction of £99,987.50. 31.28% of the stock is owned by company insiders.

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.