M&C Saatchi (LON:SAA) Shares Down 0.8% – Here’s Why

M&C Saatchi plc (LON:SAA) shares dropped 0.8% on Monday. The company traded as low as GBX 117 and last traded at GBX 118. 28,149 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 207,464 shares. The stock had previously closed at GBX 119.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on shares of M&C Saatchi from GBX 195 to GBX 175 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, M&C Saatchi presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 163.50.

M&C Saatchi Stock Down 0.8%

The company has a market capitalization of £140.28 million, a price-to-earnings ratio of -14.05 and a beta of 0.55. The company has a debt-to-equity ratio of 185.24, a current ratio of 1.12 and a quick ratio of 0.93. The firm’s fifty day moving average price is GBX 126.57 and its 200-day moving average price is GBX 130.73.

M&C Saatchi (LON:SAA) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (3.52) earnings per share for the quarter. M&C Saatchi had a negative net margin of 3.00% and a negative return on equity of 32.44%.

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.