M&C Saatchi (LON:SAA) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• M&C Saatchi shares crossed below their 200-day moving average (200-day MA GBX 131.72), trading as low as GBX 115.50 and last at GBX 116.31 on a volume of 316,964 shares, with the stock down about 0.6%.
• Analysts are broadly positive: Panmure Gordon reiterated a Buy with a GBX 174 target, and the consensus rating is a Moderate Buy with an average price target of GBX 157.25.
• The company's fundamentals are mixed — current ratio 1.15 and quick ratio 0.93 suggest modest liquidity, but a high debt-to-equity of 141.12 alongside a market cap of ~£140.98m and P/E of 14.48 highlight elevated leverage.

M&C Saatchi plc (LON:SAA - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 131.72 and traded as low as GBX 115.50. M&C Saatchi shares last traded at GBX 116.31, with a volume of 316,964 shares traded.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon restated a "buy" rating and issued a GBX 174 price objective on shares of M&C Saatchi in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 157.25.

M&C Saatchi Stock Down 0.6%

The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 141.12. The stock has a market cap of £140.98 million, a P/E ratio of 14.48 and a beta of 0.31. The firm has a 50-day simple moving average of GBX 125.59 and a two-hundred day simple moving average of GBX 131.72.

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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