M&C Saatchi (LON:SAA) Shares Cross Above Fifty Day Moving Average – What’s Next?

M&C Saatchi plc (LON:SAA)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 127.49 and traded as high as GBX 131.15. M&C Saatchi shares last traded at GBX 130, with a volume of 34,854 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SAA shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating for the company in a research report on Monday, November 24th. Berenberg Bank cut their price target on M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 24th. Peel Hunt lowered M&C Saatchi to a “hold” rating and reduced their price objective for the company from GBX 185 to GBX 115 in a research report on Monday, November 24th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 174 target price on shares of M&C Saatchi in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 157.25.

M&C Saatchi Price Performance

The business has a fifty day moving average of GBX 127.49 and a 200-day moving average of GBX 146.97. 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 capitalization of £153.94 million, a P/E ratio of 15.82 and a beta of 1.27.

Insider Buying and Selling at M&C Saatchi

In related news, insider Zaid Al-Qassab acquired 79,990 shares of M&C Saatchi stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average price of GBX 125 per share, with a total value of £99,987.50. 31.21% of the stock is currently owned by corporate insiders.

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.