Peel Hunt started coverage on shares of M&C Saatchi (LON:SAA) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage issued a hold rating and a GBX 365 ($4.77) price objective on the stock.
Separately, Numis Securities reissued a buy rating and issued a GBX 27 ($0.35) price target on shares of Gulf Marine Services in a research note on Wednesday, March 27th.
M&C Saatchi stock opened at GBX 355 ($4.64) on Wednesday. The company has a 50 day moving average of GBX 356.18. The stock has a market cap of $315.61 million and a P/E ratio of 39.01. M&C Saatchi has a 1 year low of GBX 253 ($3.31) and a 1 year high of GBX 405 ($5.29). The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 59.16.
In related news, insider Maurice N. Saatchi sold 84,068 shares of M&C Saatchi stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of GBX 357 ($4.66), for a total value of £300,122.76 ($392,163.54).
About M&C Saatchi
M&C Saatchi plc provides advertising and marketing services worldwide. The company offers its services in the areas of media buying, direct marketing, talent management, mobile marketing, research agency, Website construction, branding and digital marketing, design, marketing strategy, finished art and production, management studio, marketing consultant, and sport sponsorship and entertainment PR agency.
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