M&C Saatchi (LON:SAA) Price Target Cut to GBX 174 by Analysts at Panmure Gordon

M&C Saatchi (LON:SAA) had its target price cut by equities research analysts at Panmure Gordon from GBX 200 to GBX 174 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Panmure Gordon’s price objective indicates a potential upside of 45.00% from the stock’s current price.

Several other analysts also recently weighed in on the company. Peel Hunt downgraded M&C Saatchi to a “hold” rating and reduced their target price for the company from GBX 185 to GBX 115 in a report on Monday. Berenberg Bank cut their price target on M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on 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 and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 164.75.

M&C Saatchi Stock Down 4.8%

SAA stock traded down GBX 6 during trading on Monday, hitting GBX 120. 1,365,423 shares of the company’s stock were exchanged, compared to its average volume of 362,172. The business has a 50-day moving average price of GBX 138.46 and a two-hundred day moving average price of GBX 163.85. 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 stock has a market capitalization of £145.45 million, a price-to-earnings ratio of 14.94 and a beta of 1.27. M&C Saatchi has a 52-week low of GBX 100.50 and a 52-week high of GBX 200.

M&C Saatchi (LON:SAA) last posted 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%.

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.