M&C Saatchi (LON:SAA) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

M&C Saatchi plc (LON:SAA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 127.78 and traded as high as GBX 142. M&C Saatchi shares last traded at GBX 142, with a volume of 121,485 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price objective on shares of M&C Saatchi from GBX 150 to GBX 170 and gave the company a “buy” rating in a report 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 162.25.

M&C Saatchi Price Performance

The company has a debt-to-equity ratio of 132.12, a quick ratio of 0.93 and a current ratio of 1.11. The company has a market cap of £170.17 million, a price-to-earnings ratio of -76.76 and a beta of 0.47. The stock’s fifty day moving average is GBX 131.07 and its two-hundred day moving average is GBX 127.78.

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