M&C Saatchi (LON:SAA) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt initiated coverage on shares of M&C Saatchi (LON:SAA) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm issued a hold rating and a GBX 365 ($4.77) target price on the stock.

Separately, Numis Securities reissued a buy rating and issued a GBX 27 ($0.35) target price on shares of Gulf Marine Services in a research note on Wednesday, March 27th.

LON SAA opened at GBX 355 ($4.64) on Wednesday. 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’s fifty day moving average is GBX 356.18. The company has a market cap of $315.61 million and a P/E ratio of 39.01. The company has a debt-to-equity ratio of 59.16, a current ratio of 1.24 and a quick ratio of 1.09.

In other M&C Saatchi news, insider Maurice N. Saatchi sold 84,068 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 357 ($4.66), for a total value 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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