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

M&C Saatchi plc (LON:SAA) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 137.09 and traded as low as GBX 125.50. M&C Saatchi shares last traded at GBX 125.50, with a volume of 18,002 shares.

Analyst Upgrades and Downgrades

SAA has been the topic of a number of recent research reports. Peel Hunt lowered M&C Saatchi to a “hold” rating and lowered their price objective for the stock from GBX 185 to GBX 115 in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft cut their target price on M&C Saatchi from GBX 220 to GBX 190 and set a “buy” rating on the stock in a research report on Monday, November 24th. Panmure Gordon reissued a “buy” rating and set a GBX 174 price target on shares of M&C Saatchi in a research report on Monday, January 19th. Finally, Berenberg Bank cut their price target on 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 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 157.25.

M&C Saatchi Stock Performance

The stock has a market cap of £143.03 million, a PE ratio of 14.69 and a beta of 0.31. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 141.12. The stock has a fifty day moving average of GBX 128.72 and a 200-day moving average of GBX 136.59.

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.