Berenberg Bank Cuts M&C Saatchi (LON:SAA) Price Target to GBX 200

Key Points

• Berenberg Bank has reduced its price target for M&C Saatchi from GBX 240 to GBX 200 while maintaining a "buy" rating, indicating a potential upside of 27.80% from the current stock price.
• Peel Hunt also downgraded their price target for M&C Saatchi from GBX 215 to GBX 185, reflecting a similar outlook as two analysts currently rate the stock as a "Buy."
• M&C Saatchi stock has decreased by 6.6%, trading at GBX 156.49, with a market capitalization of £189.68 million and a notable price-to-earnings ratio of 1,321.71.

M&C Saatchi (LON:SAA - Get Free Report) had its price target decreased by investment analysts at Berenberg Bank from GBX 240 to GBX 200 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 33.33% from the company's current price.

Separately, Peel Hunt lowered their price target on shares of M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, M&C Saatchi has a consensus rating of "Buy" and a consensus target price of GBX 201.67.

M&C Saatchi Stock Down 0.7%

LON:SAA traded down GBX 1 during trading hours on Thursday, hitting GBX 150. The company's stock had a trading volume of 43,896 shares, compared to its average volume of 395,193. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. The stock has a market capitalization of £181.82 million, a P/E ratio of 1,266.89 and a beta of 1.27. The stock has a fifty day moving average of GBX 173.35 and a 200-day moving average of GBX 172.76. M&C Saatchi has a 52-week low of GBX 146.50 and a 52-week high of GBX 208.

M&C Saatchi (LON:SAA - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The company reported GBX 4.20 earnings per share for the quarter. M&C Saatchi had a net margin of 2.43% and a return on equity of 34.45%.

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.