Berenberg Bank Lowers M&C Saatchi (LON:SAA) Price Target to GBX 150

M&C Saatchi (LON:SAA) had its price objective decreased by analysts at Berenberg Bank from GBX 200 to GBX 150 in a research report issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 25.00% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Peel Hunt reiterated a “buy” rating and set a GBX 185 price target on shares of M&C Saatchi in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on M&C Saatchi from GBX 248 to GBX 220 and set a “buy” rating for the company in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 164.75.

M&C Saatchi Price Performance

M&C Saatchi stock traded down GBX 6 during mid-day trading on Monday, hitting GBX 120. The company’s stock had a trading volume of 1,365,423 shares, compared to its average volume of 362,172. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51. The stock has a market capitalization of £145.45 million, a P/E ratio of 14.94 and a beta of 1.27. The stock’s fifty day moving average price is GBX 138.46 and its two-hundred day moving average price is GBX 163.85. M&C Saatchi has a twelve month low of GBX 100.50 and a twelve month high of GBX 200.

M&C Saatchi (LON:SAA) last posted its quarterly earnings data on Thursday, September 18th. The company reported GBX 4.20 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.