M&C Saatchi (LON:SAA) Cut to Hold at Peel Hunt

Peel Hunt cut shares of M&C Saatchi (LON:SAA) to a hold rating in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage currently has GBX 115 target price on the stock, down from their prior target price of GBX 185.

Several other equities research analysts also recently weighed in on SAA. Berenberg Bank reduced their price target on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their target price 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 157.25.

M&C Saatchi Price Performance

SAA opened at GBX 119 on Monday. The firm has a market cap of £144.24 million, a PE ratio of 14.82 and a beta of 1.27. The stock has a 50-day moving average price of GBX 135.82 and a 200-day moving average price of GBX 162.96. M&C Saatchi has a 1 year low of GBX 100.50 and a 1 year high of GBX 200. The company has a debt-to-equity ratio of 71.51, a current ratio of 1.07 and a quick ratio of 0.93.

M&C Saatchi (LON:SAA) last issued its 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%.

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.