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

Key Points

• M&C Saatchi's stock price has fallen below its 200-day moving average, currently trading at GBX 140.50 ($1.89), significantly lower than its average of GBX 170.63 ($2.30).
• Despite recent declines, analysts from Berenberg Bank, Peel Hunt, and Deutsche Bank have maintained a "buy" rating on the stock, with a consensus target price of GBX 201.67.
• The company reported a net margin of 2.43% and earnings per share (EPS) of GBX 4.20 in its latest quarterly earnings, indicating potential for improvements in financial performance.

M&C Saatchi plc (LON:SAA - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 170.63 ($2.30) and traded as low as GBX 140.50 ($1.89). M&C Saatchi shares last traded at GBX 140.50 ($1.89), with a volume of 67,435 shares.

Wall Street Analysts Forecast Growth

SAA has been the subject of a number of research analyst reports. Berenberg Bank lowered their price target on M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating for the company in a report on Thursday, September 18th. Peel Hunt decreased their target price on M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating on the stock in a research report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of M&C Saatchi from GBX 248 to GBX 220 and set a "buy" rating for the company in a report on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, M&C Saatchi currently has an average rating of "Buy" and a consensus target price of GBX 201.67.

M&C Saatchi Price Performance

The business has a 50-day moving average of GBX 164.40 and a two-hundred day moving average of GBX 170.63. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51. The firm has a market cap of £173.56 million, a P/E ratio of 1,783.16 and a beta of 1.27.

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

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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