M&C Saatchi (LON:SAA) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of M&C Saatchi plc (LON:SAAGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 127.20 and traded as high as GBX 145. M&C Saatchi shares last traded at GBX 143.50, with a volume of 284,153 shares traded.

Analyst Ratings Changes

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

Read Our Latest Research Report on M&C Saatchi

M&C Saatchi Stock Performance

The stock has a market capitalization of £172.18 million, a price-to-earnings ratio of -77.57 and a beta of 0.47. The firm has a fifty day moving average of GBX 127.70 and a 200 day moving average of GBX 127.20. The company has a debt-to-equity ratio of 132.12, a current ratio of 1.11 and a quick ratio of 0.93.

M&C Saatchi (LON:SAAGet Free Report) last posted its earnings results on Monday, April 20th. The company reported GBX (1.85) EPS for the quarter. The company 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

(Get Free Report)

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.

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