M&C Saatchi (LON:SAA) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.99 and traded as high as GBX 135. M&C Saatchi shares last traded at GBX 135, with a volume of 826,697 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price target on M&C Saatchi from GBX 150 to GBX 170 and gave the stock 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 162.25.

M&C Saatchi Price Performance

The company has a debt-to-equity ratio of 132.12, a current ratio of 1.11 and a quick ratio of 0.93. The company has a 50 day moving average price of GBX 136.46 and a 200 day moving average price of GBX 128.99. The firm has a market cap of £161.78 million, a PE ratio of -72.97 and a beta of 0.49.

M&C Saatchi (LON:SAA) last posted its quarterly earnings data on Monday, April 20th. The company reported GBX (1.85) earnings per share for the quarter. The firm had revenue of £347.40 million during the quarter. M&C Saatchi had a negative net margin of 0.64% and a negative return on equity of 6.04%.

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.