M&C Saatchi (LON:SAA) Price Target Lowered to GBX 220 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for M&C Saatchi from GBX 248 to GBX 220, while maintaining a "buy" rating on the stock.
• Berenberg Bank and Peel Hunt also decreased their price targets for M&C Saatchi to GBX 200 and GBX 185 respectively, both retaining "buy" ratings.
• M&C Saatchi has a current market capitalization of £183.60 million and recently reported earnings per share of GBX 4.20 for the quarter ending September 18.

M&C Saatchi (LON:SAA - Get Free Report) had its target price lowered by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 248 to GBX 220 in a report released on Thursday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 50.17% from the stock's current price.

SAA has been the subject of a number of other reports. Peel Hunt cut their price target on M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating for the company in a report on Thursday, September 18th. Berenberg Bank cut their price target on M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating for the company in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 201.67.

M&C Saatchi Stock Performance

Shares of SAA stock traded down GBX 3.50 during midday trading on Thursday, hitting GBX 146.50. The company had a trading volume of 223,658 shares, compared to its average volume of 394,260. The company's 50 day simple moving average is GBX 172.49 and its 200 day simple moving average is GBX 172.60. M&C Saatchi has a 52-week low of GBX 145.89 and a 52-week high of GBX 208. The stock has a market cap of £177.57 million, a price-to-earnings ratio of 1,237.33 and a beta of 1.27. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, September 18th. The company reported GBX 4.20 EPS for the quarter. M&C Saatchi had a return on equity of 34.45% and a net margin of 2.43%.

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.