Peel Hunt Reiterates “Hold” Rating for Mothercare (MTC)

Mothercare (LON:MTC)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 60 ($0.81) target price on the stock. Peel Hunt’s price objective suggests a potential downside of 16.38% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Canaccord Genuity reiterated a “sell” rating and issued a GBX 103 ($1.39) price target on shares of Mothercare in a research report on Thursday, November 23rd. J P Morgan Chase & Co lowered Mothercare to a “neutral” rating and decreased their price target for the company from GBX 120 ($1.62) to GBX 110 ($1.48) in a research report on Friday, November 10th. Finally, Numis Securities reiterated an “under review” rating on shares of Mothercare in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Mothercare has a consensus rating of “Hold” and a consensus price target of GBX 110.60 ($1.49).

Mothercare (MTC) opened at GBX 71.75 ($0.97) on Tuesday. Mothercare has a 1 year low of GBX 64.16 ($0.86) and a 1 year high of GBX 137.12 ($1.85).

In other Mothercare news, insider Glyn Hughes acquired 69,896 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($66,791.60). Also, insider Mark Newton-Jones acquired 150,738 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were acquired at an average price of GBX 66 ($0.89) per share, with a total value of £99,487.08 ($133,899.17).

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About Mothercare

Mothercare plc is a retailer for parents and young children. The principal activity of the Company is to operate as a specialist omni-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands. The Company’s operating segments include the UK business and the International business.

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