M&C Saatchi (LON:SAA) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

M&C Saatchi plc (LON:SAA)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 142.43 and traded as low as GBX 125.30. M&C Saatchi shares last traded at GBX 126, with a volume of 79,899 shares traded.

Wall Street Analysts Forecast Growth

SAA has been the subject of a number of recent research reports. Peel Hunt downgraded M&C Saatchi to a “hold” rating and dropped their target price for the stock from GBX 185 to GBX 115 in a research report on Monday, November 24th. Berenberg Bank dropped their price objective on M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating for the company in a report on Monday, November 24th. Panmure Gordon restated a “buy” rating and set a GBX 174 target price on shares of M&C Saatchi in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating for the company in a research report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 157.25.

M&C Saatchi Price Performance

The company has a market capitalization of £151.51 million, a price-to-earnings ratio of 15.57 and a beta of 1.27. The company has a 50-day moving average price of GBX 129.01 and a 200-day moving average price of GBX 142.43. The company has a debt-to-equity ratio of 71.51, a quick ratio of 0.93 and a current ratio of 1.07.

Insiders Place Their Bets

In other news, insider Zaid Al-Qassab purchased 79,990 shares of M&C Saatchi stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of GBX 125 per share, with a total value of £99,987.50. Company insiders own 31.28% of the company’s stock.

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.