M&C Saatchi (LON:SAA) Receives “Hold” Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of M&C Saatchi (LON:SAA) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

LON SAA opened at GBX 155.50 ($2.03) on Tuesday. The business’s fifty day moving average price is GBX 187.76 and its 200-day moving average price is GBX 315.27. The stock has a market capitalization of $141.89 million and a price-to-earnings ratio of 17.09. The company has a debt-to-equity ratio of 59.16, a current ratio of 1.24 and a quick ratio of 1.09. M&C Saatchi has a 1-year low of GBX 140 ($1.83) and a 1-year high of GBX 405 ($5.29).

The company also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 24th will be issued a dividend of GBX 2.45 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.63%. M&C Saatchi’s payout ratio is 1.21%.

In other news, insider Maurice N. Saatchi sold 770,947 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of GBX 343 ($4.48), for a total transaction of £2,644,348.21 ($3,455,309.30). Also, insider Mickey Kalifa acquired 27,985 shares of M&C Saatchi stock in a transaction dated Monday, August 12th. The stock was bought at an average price of GBX 268 ($3.50) per share, with a total value of £74,999.80 ($98,000.52).

M&C Saatchi Company Profile

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.

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