M&C Saatchi (LON:SAA) Hits New 52-Week Low - Here's Why

Key Points

• M&C Saatchi shares hit a new 52-week low at GBX 140 ($1.87), with a trading volume of 68,036 shares.
• Deutsche Bank and Berenberg Bank have lowered their price targets for M&C Saatchi, with both maintaining a "buy" rating despite the adjustments.
• The company's recent quarterly earnings reported earnings per share of GBX 4.20, with a return on equity of 34.45% and a net margin of 2.43%.

Shares of M&C Saatchi plc (LON:SAA - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 140 ($1.87) and last traded at GBX 140 ($1.87), with a volume of 68036 shares trading hands. The stock had previously closed at GBX 142 ($1.89).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAA. Deutsche Bank Aktiengesellschaft decreased their price target on M&C Saatchi from GBX 248 to GBX 220 and set a "buy" rating for the company in a research report on Thursday, September 18th. Berenberg Bank decreased their price target on M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating for the company in a research report on Thursday, September 18th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 185 price objective on shares of M&C Saatchi in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 201.67.

M&C Saatchi Price Performance

The stock has a 50 day moving average price of GBX 160.23 and a two-hundred day moving average price of GBX 169.68. 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 has a market capitalization of £169.69 million, a PE ratio of 1,743.46 and a beta of 1.27.

M&C Saatchi (LON:SAA - Get Free Report) last posted 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 return on equity of 34.45% and a net margin of 2.43%.

M&C Saatchi Company Profile

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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