Panmure Gordon Issues Pessimistic Forecast for M&C Saatchi (LON:SAA) Stock Price

M&C Saatchi (LON:SAA) had its target price lowered by analysts at Panmure Gordon from GBX 200 to GBX 174 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Panmure Gordon’s target price suggests a potential upside of 45.00% from the stock’s previous close.

Several other equities research analysts have also commented on SAA. Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, September 18th. Peel Hunt lowered shares of M&C Saatchi to a “hold” rating and dropped their target price for the company from GBX 185 to GBX 115 in a research report on Monday. Finally, Berenberg Bank reduced their price target on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a research report on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, M&C Saatchi currently has an average rating of “Moderate Buy” and an average price target of GBX 164.75.

M&C Saatchi Stock Performance

M&C Saatchi stock traded down GBX 6 during midday trading on Monday, hitting GBX 120. 1,365,423 shares of the company were exchanged, compared to its average volume of 362,172. The firm has a market capitalization of £145.45 million, a PE ratio of 14.94 and a beta of 1.27. M&C Saatchi has a fifty-two week low of GBX 100.50 and a fifty-two week high of GBX 200. The business has a fifty day simple moving average of GBX 138.46 and a two-hundred day simple moving average of GBX 163.85. The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07.

M&C Saatchi (LON:SAA) last announced its quarterly earnings results 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%.

About M&C Saatchi

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.