M&C Saatchi (LON:SAA) Given New GBX 200 Price Target at Berenberg Bank

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 Berenberg Bank from GBX 240 to GBX 200 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 27.80% from the stock's current price.

Separately, Peel Hunt decreased their price target on M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 192.50.

M&C Saatchi Stock Down 6.6%

M&C Saatchi stock opened at GBX 156.49 on Thursday. The stock has a market capitalization of £189.68 million, a price-to-earnings ratio of 1,321.71 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. M&C Saatchi has a twelve month low of GBX 154 and a twelve month high of GBX 208. The stock has a 50 day moving average of GBX 175.12 and a two-hundred day moving average of GBX 173.14.

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.

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