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

M&C Saatchi plc (LON:SAA) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 134.75 and traded as low as GBX 119.64. M&C Saatchi shares last traded at GBX 122, with a volume of 113,616 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price objective on shares of M&C Saatchi from GBX 195 to GBX 175 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 163.50.

M&C Saatchi Stock Performance

The firm has a market capitalization of £141.58 million, a price-to-earnings ratio of -64.32 and a beta of 0.55. The firm’s 50-day moving average price is GBX 140.27 and its two-hundred day moving average price is GBX 134.73. The company has a debt-to-equity ratio of 185.24, a quick ratio of 0.93 and a current ratio of 1.12.

M&C Saatchi (LON:SAA) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (3.52) EPS for the quarter. M&C Saatchi had a negative return on equity of 32.44% and a negative net margin of 3.00%.

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.