M&C Saatchi (LON:SAA) Hits New 52-Week Low After Analyst Downgrade

Key Points

• M&C Saatchi's share price hit a new 12-month low after Deutsche Bank downgraded its price target from GBX 248 to GBX 220.
• Multiple analysts, including Berenberg Bank and Peel Hunt, have reduced their target prices while maintaining a buy rating for the stock.
• The company's latest earnings report showed a net margin of 2.43% and a return on equity of 34.45%.

M&C Saatchi plc (LON:SAA - Get Free Report) shares hit a new 52-week low on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 248 to GBX 220. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. M&C Saatchi traded as low as GBX 146.50 ($1.97) and last traded at GBX 151 ($2.03), with a volume of 110866 shares. The stock had previously closed at GBX 147 ($1.98).

A number of other equities research analysts have also weighed in on SAA. 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. Berenberg Bank dropped their target price on shares of M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, M&C Saatchi has a consensus rating of "Buy" and a consensus price target of GBX 201.67.

M&C Saatchi Trading Up 2.7%

The stock has a market capitalization of £183.03 million, a price-to-earnings ratio of 1,275.34 and a beta of 1.27. The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07. The company's 50 day moving average is GBX 173.35 and its 200 day moving average is GBX 172.76.

M&C Saatchi (LON:SAA - Get Free Report) last posted its 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.