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

M&C Saatchi plc (LON:SAA)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped 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 note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 162.25.

M&C Saatchi Stock Down 2.1%

The business’s fifty day moving average price is GBX 139.20 and its two-hundred day moving average price is GBX 129.81. The company has a debt-to-equity ratio of 132.12, a quick ratio of 0.93 and a current ratio of 1.11. The firm has a market capitalization of £165.32 million, a P/E ratio of -74.86 and a beta of 0.54.

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

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.