M&C Saatchi (LON:SAA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 164.74 and traded as low as GBX 128.70. M&C Saatchi shares last traded at GBX 129.50, with a volume of 137,129 shares trading hands.

Analyst Upgrades and Downgrades

SAA has been the topic of several research reports. Berenberg Bank dropped their price objective on M&C Saatchi from GBX 240 to GBX 200 and set a “buy” rating on the stock in a report on Thursday, September 18th. Peel Hunt reissued a “buy” rating and issued a GBX 185 target price on shares of M&C Saatchi in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on M&C Saatchi from GBX 248 to GBX 220 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, M&C Saatchi currently has an average rating of “Buy” and an average target price of GBX 201.67.

M&C Saatchi Stock Down 1.8%

The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07. The company has a market capitalization of £154.09 million, a PE ratio of 15.83 and a beta of 1.27. The firm’s 50-day simple moving average is GBX 141.21 and its 200 day simple moving average is GBX 164.74.

M&C Saatchi (LON:SAA) last announced its quarterly earnings results on Thursday, September 18th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. M&C Saatchi had a net margin of 2.43% and a return on equity of 34.45%.

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.