M&C Saatchi (LON:SAA) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

M&C Saatchi plc (LON:SAA)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.35 and traded as low as GBX 122. M&C Saatchi shares last traded at GBX 122, with a volume of 33,467 shares.

Analysts Set New Price Targets

A number of brokerages have commented on SAA. Peel Hunt downgraded shares of M&C Saatchi to a “hold” rating and dropped their price objective for the company from GBX 185 to GBX 115 in a research report on Monday, November 24th. Berenberg Bank decreased their price objective on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a research report on Monday, November 24th. Panmure Gordon reiterated a “buy” rating and set a GBX 174 target price on shares of M&C Saatchi in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating for the company in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, M&C Saatchi has a consensus rating of “Moderate Buy” and a consensus target price of GBX 157.25.

M&C Saatchi Stock Up 0.4%

The firm’s 50-day moving average price is GBX 126.75 and its two-hundred day moving average price is GBX 133.35. The company has a debt-to-equity ratio of 141.12, a quick ratio of 0.93 and a current ratio of 1.15. The firm has a market cap of £147.88 million, a PE ratio of 15.19 and a beta of 0.31.

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.