M&C Saatchi (LON:SAA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

M&C Saatchi plc (LON:SAA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 128.58 and traded as high as GBX 139.25. M&C Saatchi shares last traded at GBX 138, with a volume of 270,146 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target 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. Based on data from MarketBeat, M&C Saatchi presently has an average rating of “Moderate Buy” and an average price target of GBX 162.25.

M&C Saatchi Trading Up 0.4%

The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 132.12. The firm has a market capitalization of £165.38 million, a P/E ratio of -74.59 and a beta of 0.49. The firm has a 50-day moving average of GBX 134.25 and a two-hundred day moving average of GBX 128.58.

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

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.