Peel Hunt Cuts M&C Saatchi (LON:SAA) Price Target to GBX 185

Key Points

• Peel Hunt has reduced the price target for M&C Saatchi (LON:SAA) from GBX 215 to GBX 185, despite maintaining a "buy" rating on the stock.
• The stock opened at GBX 156 and has experienced a decline of 6.9% recently, with a 12-month range between GBX 154 and GBX 208.
• M&C Saatchi reported earnings of GBX 4.20 per share for the last quarter, with a return on equity of 34.45%.

M&C Saatchi (LON:SAA - Get Free Report) had its target price cut by equities researchers at Peel Hunt from GBX 215 to GBX 185 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. Peel Hunt's price target would indicate a potential upside of 23.33% from the company's previous close.

M&C Saatchi Trading Down 0.7%

Shares of M&C Saatchi stock traded down GBX 1 during trading hours on Thursday, reaching GBX 150. 43,896 shares of the company's stock were exchanged, compared to its average volume of 395,193. 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 capitalization of £181.82 million, a price-to-earnings ratio of 1,266.89 and a beta of 1.27. The company has a fifty day moving average of GBX 173.35 and a 200-day moving average of GBX 172.76. M&C Saatchi has a 52-week low of GBX 146.50 and a 52-week high of GBX 208.

M&C Saatchi (LON:SAA - Get Free Report) last posted 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.