Peel Hunt Reaffirms "Buy" Rating for M&C Saatchi (LON:SAA)

Key Points

• Peel Hunt has maintained a "Buy" rating for M&C Saatchi (LON:SAA) with a target price of GBX 185, suggesting a potential upside of 30.28% from the current stock price.
• Other analysts, including Deutsche Bank and Berenberg Bank, have also rated the stock as "Buy," with adjusted target prices of GBX 220 and GBX 200, respectively.
• M&C Saatchi's trading saw a 1.1% increase on Tuesday, reaching GBX 142, with the company's earnings per share reported at GBX 4.20 for the quarter.

M&C Saatchi (LON:SAA - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Peel Hunt in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 185 price target on the stock. Peel Hunt's price target indicates a potential upside of 30.28% from the company's current price.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of M&C Saatchi from GBX 248 to GBX 220 and set a "buy" rating on the stock in a research report on Thursday, September 18th. Berenberg Bank reduced their price objective on M&C Saatchi from GBX 240 to GBX 200 and set a "buy" rating on the stock in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 201.67.

M&C Saatchi Trading Up 1.1%

Shares of SAA traded up GBX 1.50 during mid-day trading on Tuesday, reaching GBX 142. 201,661 shares of the company's stock traded hands, compared to its average volume of 385,278. The stock's 50-day moving average is GBX 164.40 and its two-hundred day moving average is GBX 170.63. The stock has a market cap of £172.12 million, a P/E ratio of 1,768.37 and a beta of 1.27. The company has a debt-to-equity ratio of 71.51, a current ratio of 1.07 and a quick ratio of 0.93. M&C Saatchi has a 12 month low of GBX 140.50 and a 12 month high of GBX 208.

M&C Saatchi (LON:SAA - Get Free Report) last released its earnings results on Thursday, September 18th. The company reported GBX 4.20 earnings per share 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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