M&C Saatchi (LON:SAA) Reaches New 12-Month Low Following 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) reached a new 52-week low during mid-day trading 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 ($1.98) and last traded at GBX 151 ($2.04), with a volume of 110866 shares. The stock had previously closed at GBX 147 ($1.99).

Other equities research analysts have also recently issued research reports about the stock. Peel Hunt reduced their target price on shares of M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating for the company in a research report on Thursday. Berenberg Bank dropped their price objective on shares of M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, M&C Saatchi presently has a consensus rating of "Buy" and a consensus target price of GBX 201.67.

M&C Saatchi Price Performance

The stock has a market cap of £181.82 million, a P/E ratio of 1,266.89 and a beta of 1.27. The company's 50 day moving average price is GBX 172.49 and its 200-day moving average price is GBX 172.60. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51.

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