M&C Saatchi (LON:SAA) Stock Price Down 12.2% After 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)'s share price was 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). Approximately 3,578,349 shares were traded during trading, an increase of 797% from the average daily volume of 398,704 shares. The stock had previously closed at GBX 167.50 ($2.26).

Several other research analysts have also weighed in on SAA. Berenberg Bank lowered their target price on shares of M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating on the stock in a research report on Thursday. Peel Hunt reduced their price target on shares of M&C Saatchi from GBX 215 to GBX 185 and set a "buy" rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 201.67.

M&C Saatchi Trading Up 2.7%

The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 71.51. The firm's 50 day simple moving average is GBX 173.35 and its 200-day simple moving average is GBX 172.76. The company has a market capitalization of £183.03 million, a PE ratio of 1,275.34 and a beta of 1.27.

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

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.