M&C Saatchi (LON:SAA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

M&C Saatchi plc (LON:SAA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 138.70 and traded as high as GBX 143.73. M&C Saatchi shares last traded at GBX 143.50, with a volume of 104,556 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, M&C Saatchi presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 162.25.

M&C Saatchi Stock Performance

The company has a market cap of £169.04 million, a PE ratio of -76.55 and a beta of 0.54. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 132.12. The company has a 50-day moving average of GBX 138.70 and a 200-day moving average of GBX 129.65.

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

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.