Shore Capital Reiterates “Buy” Rating for M&C Saatchi (LON:SAA)

Shore Capital reiterated their buy rating on shares of M&C Saatchi (LON:SAA) in a report released on Friday morning, Marketbeat.com reports.

M&C Saatchi Stock Performance

Shares of LON SAA opened at GBX 202 ($2.59) on Friday. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 221.38. The company has a 50 day simple moving average of GBX 200.05 and a two-hundred day simple moving average of GBX 182.58. M&C Saatchi has a 12 month low of GBX 118.50 ($1.52) and a 12 month high of GBX 210 ($2.69). The stock has a market cap of £246.97 million, a price-to-earnings ratio of -6,733.33 and a beta of 1.28.

M&C Saatchi Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 9th were paid a GBX 1.60 ($0.02) dividend. This is a boost from M&C Saatchi’s previous dividend of $1.50. This represents a dividend yield of 0.91%. The ex-dividend date was Thursday, May 9th. M&C Saatchi’s payout ratio is currently -10,000.00%.

Insider Activity at M&C Saatchi

In other news, insider Christopher Paul Sweetland bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average cost of GBX 184 ($2.36) per share, for a total transaction of £36,800 ($47,137.18). Company insiders own 28.01% of the company’s stock.

M&C Saatchi Company Profile

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.