Peel Hunt began coverage on shares of M&C Saatchi (LON:SAA) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage issued a hold rating and a GBX 365 ($4.77) price objective on the stock.
Separately, Numis Securities reaffirmed a buy rating and set a GBX 27 ($0.35) price objective on shares of Gulf Marine Services in a report on Wednesday, March 27th.
Shares of SAA traded down GBX 2 ($0.03) during mid-day trading on Wednesday, hitting GBX 346 ($4.52). 40,960 shares of the stock were exchanged, compared to its average volume of 57,593. The stock has a market cap of $307.61 million and a P/E ratio of 38.02. M&C Saatchi has a 52-week low of GBX 253 ($3.31) and a 52-week high of GBX 405 ($5.29). The stock has a 50-day simple moving average of GBX 356.32. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 59.16.
In related news, insider Maurice N. Saatchi sold 84,068 shares of the stock in a transaction on 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).
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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