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

M&C Saatchi plc (LON:SAA)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 156.81 and traded as low as GBX 130.95. M&C Saatchi shares last traded at GBX 132.50, with a volume of 23,285 shares traded.

Wall Street Analysts Forecast Growth

SAA has been the subject of a number of recent research reports. Berenberg Bank cut their target price on M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating on the stock in a report on Monday, November 24th. Peel Hunt downgraded shares of M&C Saatchi to a “hold” rating and reduced their price objective for the stock from GBX 185 to GBX 115 in a report on Monday, November 24th. Finally, Panmure Gordon decreased their target price on shares of M&C Saatchi from GBX 200 to GBX 174 and set a “buy” rating on the stock in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 157.25.

M&C Saatchi Price Performance

The company has a 50-day moving average of GBX 128.15 and a 200 day moving average of GBX 156.81. The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07. The firm has a market cap of £160.60 million, a P/E ratio of 16.50 and a beta of 1.27.

Insider Activity

In other news, insider Zaid Al-Qassab bought 79,990 shares of M&C Saatchi stock in a transaction dated Monday, December 1st. The shares were bought at an average price of GBX 125 per share, for a total transaction of £99,987.50. Insiders own 31.21% of the company’s stock.

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.