Peel Hunt began coverage on shares of M&C Saatchi (LON:SAA) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm issued a hold rating and a GBX 365 ($4.77) price target on the stock.
Separately, Numis Securities reaffirmed a buy rating and issued a GBX 27 ($0.35) price objective on shares of Gulf Marine Services in a research report on Wednesday, March 27th.
Shares of LON:SAA opened at GBX 355 ($4.64) on Wednesday. The stock has a market cap of $315.61 million and a P/E ratio of 39.01. The business has a 50-day moving average of GBX 356.18. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 59.16. M&C Saatchi has a fifty-two week low of GBX 253 ($3.31) and a fifty-two week high of GBX 405 ($5.29).
In related 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).
About M&C Saatchi
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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