Numis Securities Ltd upgraded shares of M&C Saatchi Plc (LON:SAA) to a buy rating in a research note published on Friday morning. They currently have GBX 450 ($5.56) price objective on the stock, up from their previous price objective of GBX 434 ($5.36).
Separately, N+1 Singer reissued a buy rating and issued a GBX 400 ($4.94) target price on shares of M&C Saatchi Plc in a report on Thursday.
M&C Saatchi Plc (LON:SAA) traded down 0.812% on Friday, reaching GBX 351.375. The company’s stock had a trading volume of 6,139 shares. The company’s 50 day moving average price is GBX 350.92 and its 200-day moving average price is GBX 341.84. The stock’s market cap is GBX 252.93 million. M&C Saatchi Plc has a 12-month low of GBX 275.25 and a 12-month high of GBX 383.75.
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The business also recently announced a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 8th will be given a dividend of GBX 6.44 ($0.08) per share. The ex-dividend date is Thursday, June 8th. This is an increase from M&C Saatchi Plc’s previous dividend of $1.85. This represents a yield of 1.8%.
About M&C Saatchi Plc
M&C Saatchi Plc is a United Kingdom-based holding company. The Company is engaged in the provision of advertising and marketing services. The Company operates through segments, which include UK, Europe, Middle East and Africa, Asia and Australasia, and Americas. The Company operates through a network of over 20 offices in approximately 20 countries.
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