Insider Buying: M&C Saatchi (LON:SAA) Insider Purchases £99,987.50 in Stock

M&C Saatchi plc (LON:SAA) insider Zaid Al-Qassab acquired 79,990 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of GBX 125 per share, with a total value of £99,987.50.

M&C Saatchi Price Performance

LON:SAA opened at GBX 123 on Friday. The business’s 50-day moving average is GBX 132.96 and its 200 day moving average is GBX 161.36. M&C Saatchi plc has a 12 month low of GBX 100.50 and a 12 month high of GBX 200. The company has a market capitalization of £149.09 million, a P/E ratio of 15.32 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 71.51.

M&C Saatchi (LON:SAA) last released its quarterly earnings results on Thursday, September 18th. The company reported GBX 4.20 earnings per share for the quarter. M&C Saatchi had a return on equity of 34.45% and a net margin of 2.43%.

Analysts Set New Price Targets

SAA has been the topic of several research reports. Berenberg Bank reduced their price target on shares of M&C Saatchi from GBX 200 to GBX 150 and set a “buy” rating on the stock in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. Panmure Gordon decreased their target price on shares of M&C Saatchi from GBX 200 to GBX 174 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, Peel Hunt downgraded shares of M&C Saatchi to a “hold” rating and lowered their price target for the company from GBX 185 to GBX 115 in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 157.25.

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.