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

M&C Saatchi plc (LON:SAA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.99 and traded as high as GBX 135. M&C Saatchi shares last traded at GBX 135, with a volume of 826,697 shares changing hands.

Wall Street Analyst Weigh In

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

M&C Saatchi Price Performance

The company has a debt-to-equity ratio of 132.12, a current ratio of 1.11 and a quick ratio of 0.93. The company has a 50-day simple moving average of GBX 136.46 and a two-hundred day simple moving average of GBX 128.99. The stock has a market capitalization of £161.78 million, a price-to-earnings ratio of -72.97 and a beta of 0.49.

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

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.