Mothercare (MTC) Given New GBX 40 Price Target at Peel Hunt

Mothercare (LON:MTC) had its target price reduced by Peel Hunt from GBX 60 ($0.81) to GBX 40 ($0.54) in a research note issued to investors on Monday morning. They currently have a hold rating on the stock.

Several other brokerages have also commented on MTC. Canaccord Genuity reissued a sell rating and issued a GBX 103 ($1.40) price target on shares of Mothercare in a report on Thursday, November 23rd. Numis Securities reissued an under review rating on shares of Mothercare in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. lowered shares of Mothercare to a neutral rating and cut their price target for the stock from GBX 120 ($1.63) to GBX 110 ($1.49) in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Mothercare has an average rating of Hold and an average target price of GBX 92.60 ($1.26).

Mothercare (MTC) opened at GBX 49.56 ($0.67) on Monday. The firm has a market cap of $84.24 and a P/E ratio of -1,238.94. Mothercare has a 1-year low of GBX 42.05 ($0.57) and a 1-year high of GBX 137.12 ($1.86).

In related news, insider Glyn Hughes bought 69,896 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of GBX 71 ($0.96) per share, with a total value of £49,626.16 ($67,298.83). Also, insider Mark Newton-Jones bought 150,738 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was bought at an average cost of GBX 66 ($0.90) per share, for a total transaction of £99,487.08 ($134,916.03). In the last three months, insiders have bought 439,500 shares of company stock worth $24,979,160.

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Mothercare Company Profile

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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