M&C Saatchi (LON:SAA) Shares Pass Below 200 Day Moving Average – Time to Sell?

M&C Saatchi plc (LON:SAA)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.35 and traded as low as GBX 122. M&C Saatchi shares last traded at GBX 122, with a volume of 33,467 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating for the company in a research note on Monday, November 24th. Peel Hunt lowered shares of M&C Saatchi to a “hold” rating and reduced their price objective for the company from GBX 185 to GBX 115 in a research report on Monday, November 24th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 174 price objective on shares of M&C Saatchi in a research note on Monday, January 19th. Finally, Berenberg Bank dropped their target price on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 157.25.

M&C Saatchi Stock Down 2.1%

The business has a 50 day simple moving average of GBX 126.23 and a 200 day simple moving average of GBX 132.96. The company has a debt-to-equity ratio of 141.12, a current ratio of 1.15 and a quick ratio of 0.93. The stock has a market cap of £142.42 million, a PE ratio of 14.63 and a beta of 0.31.

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.