M&C Saatchi (LON:SAA) Reaches New 12-Month High at $189.00

M&C Saatchi plc (LON:SAA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 189 ($2.37) and last traded at GBX 188 ($2.36), with a volume of 43386 shares traded. The stock had previously closed at GBX 181.50 ($2.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “not rated” rating on shares of M&C Saatchi in a report on Wednesday, April 10th.

M&C Saatchi Trading Up 3.6 %

The company has a debt-to-equity ratio of 221.38, a quick ratio of 0.93 and a current ratio of 0.92. The company’s 50-day moving average price is GBX 177.06 and its 200-day moving average price is GBX 159.95. The firm has a market capitalization of £229.85 million, a PE ratio of -6,141.67 and a beta of 1.30.

M&C Saatchi Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 9th will be issued a GBX 1.60 ($0.02) dividend. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 0.91%. This is an increase from M&C Saatchi’s previous dividend of $1.50. M&C Saatchi’s dividend payout ratio is presently -10,000.00%.

Insiders Place Their Bets

In related news, insider Christopher Paul Sweetland purchased 20,000 shares of M&C Saatchi stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average cost of GBX 184 ($2.31) per share, with a total value of £36,800 ($46,225.35). 27.97% of the stock is owned by corporate insiders.

About M&C Saatchi

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.