M&C Saatchi (LON:SAA) Share Price Crosses Above 200 Day Moving Average of $0.00

M&C Saatchi Plc (LON:SAA)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $356.00. M&C Saatchi shares last traded at $348.00, with a volume of 22,640 shares changing hands.

A number of research analysts recently issued reports on SAA shares. Peel Hunt reduced their price target on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating on the stock in a report on Wednesday, July 10th. Numis Securities restated a “buy” rating and set a GBX 27 ($0.35) price target on shares of Gulf Marine Services in a report on Wednesday, March 27th.

The firm has a market cap of $313.27 million and a P/E ratio of 38.24. The company has a debt-to-equity ratio of 59.16, a quick ratio of 1.09 and a current ratio of 1.24. The stock’s fifty day moving average price is GBX 355.10.

In related news, insider Maurice N. Saatchi sold 84,068 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 357 ($4.66), for a total transaction of £300,122.76 ($392,163.54).

About M&C Saatchi (LON:SAA)

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.

Read More: Book Value Per Share – BVPS

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