M&C Saatchi (LON:SAA) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• M&C Saatchi shares crossed above their 200‑day moving average (200‑day MA GBX 125.97), trading as high as GBX 141 and last at GBX 140 on volume of 451,097.
• Analysts have a consensus Moderate Buy (three Buy, one Hold) with an average target of GBX 162.25, including recent targets of GBX 170 (Berenberg) and GBX 174 (Panmure Gordon).
• The company's fundamentals remain weak, reporting a negative EPS (GBX -1.85), negative net margin (-0.64%) and ROE (-6.04%), and a high debt‑to‑equity ratio of 132.12, with a market cap of £166.32 million.

M&C Saatchi plc (LON:SAA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 125.97 and traded as high as GBX 141. M&C Saatchi shares last traded at GBX 140, with a volume of 451,097 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAA. Berenberg Bank upped their target price on M&C Saatchi from GBX 150 to GBX 170 and gave the stock a "buy" rating in a research report on Monday, April 20th. Panmure Gordon reaffirmed a "buy" rating and set a GBX 174 target price on shares of M&C Saatchi in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 162.25.

M&C Saatchi Stock Down 1.4%

The stock has a market cap of £166.32 million, a P/E ratio of -74.59 and a beta of 0.47. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 132.12. The business has a 50-day simple moving average of GBX 120.96 and a 200-day simple moving average of GBX 125.97.

M&C Saatchi (LON:SAA - Get Free Report) last announced its earnings results on Monday, April 20th. The company reported GBX (1.85) earnings per share (EPS) for the quarter. The company had revenue of £347.40 million for the quarter. M&C Saatchi had a negative return on equity of 6.04% and a negative net margin of 0.64%.

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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