M&C Saatchi (LON:SAA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

M&C Saatchi plc (LON:SAA)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 138.70 and traded as high as GBX 143.73. M&C Saatchi shares last traded at GBX 143.50, with a volume of 104,556 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their target price on shares of M&C Saatchi from GBX 150 to GBX 170 and gave the stock a “buy” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.25.

M&C Saatchi Price Performance

The stock has a market cap of £169.04 million, a P/E ratio of -76.55 and a beta of 0.54. The company has a debt-to-equity ratio of 132.12, a quick ratio of 0.93 and a current ratio of 1.11. The business has a 50 day simple moving average of GBX 138.70 and a 200-day simple moving average of GBX 129.65.

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