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

M&C Saatchi plc (LON:SAA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 126.29 and traded as high as GBX 140. M&C Saatchi shares last traded at GBX 138.50, with a volume of 117,933 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAA. Panmure Gordon reaffirmed a “buy” rating and set a GBX 174 target price on shares of M&C Saatchi in a report on Monday, January 19th. Berenberg Bank lifted their target price on shares of M&C Saatchi from GBX 150 to GBX 170 and gave the company a “buy” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 162.25.

M&C Saatchi Stock Performance

The company has a market cap of £169.18 million, a PE ratio of -76.22 and a beta of 0.47. The firm’s fifty day moving average is GBX 123.13 and its 200 day moving average is GBX 126.40. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 132.12.

M&C Saatchi (LON:SAA) last issued its quarterly earnings results on Monday, April 20th. The company reported GBX (1.85) EPS for the quarter. The company had revenue of £347.40 million during 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.