M&C Saatchi (LON:SAA) Stock Price Down 12.2% Following Analyst Downgrade

Key Points

• M&C Saatchi's shares dropped 12.2% after Berenberg Bank reduced its price target from GBX 240 to GBX 200, while maintaining a "buy" rating.
• Peel Hunt also downgraded the stock's target price from GBX 215 to GBX 185, indicating a continued "buy" rating despite the adjustment.
• The company's last quarterly earnings showed an EPS of GBX 4.20, with net margins at 2.43% and a return on equity of 34.45%.

M&C Saatchi plc (LON:SAA - Get Free Report) traded down 12.2% during mid-day trading on Thursday 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 147 ($1.98) and last traded at GBX 147 ($1.98). 3,578,349 shares changed hands during mid-day trading, an increase of 797% from the average session volume of 398,704 shares. The stock had previously closed at GBX 167.50 ($2.26).

A number of other equities research analysts have also recently weighed in on the company. Peel Hunt lowered their price target on M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating on the stock in a report on Thursday. Berenberg Bank dropped 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. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 201.67.

M&C Saatchi Trading Down 0.7%

The company has a debt-to-equity ratio of 71.51, a current ratio of 1.07 and a quick ratio of 0.93. The business's 50-day simple moving average is GBX 173.35 and its two-hundred day simple moving average is GBX 172.76. The stock has a market capitalization of £181.82 million, a price-to-earnings ratio of 1,266.89 and a beta of 1.27.

M&C Saatchi (LON:SAA - Get Free Report) last issued its earnings results on Thursday, September 18th. The company reported GBX 4.20 EPS for the quarter. M&C Saatchi had a net margin of 2.43% and a return on equity of 34.45%.

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.