Peel Hunt reiterated their hold rating on shares of Mothercare (LON:MTC) in a research report released on Wednesday, December 20th. The brokerage currently has a GBX 60 ($0.81) target price on the stock.
A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Mothercare to a neutral rating and decreased their target price for the company from GBX 120 ($1.63) to GBX 110 ($1.49) in a research note on Friday, November 10th. Canaccord Genuity reiterated a sell rating and set a GBX 103 ($1.40) price target on shares of Mothercare in a report on Thursday, November 23rd. Finally, Numis Securities reiterated an under review rating on shares of Mothercare in a report on Thursday, November 23rd. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. Mothercare currently has a consensus rating of Hold and an average price target of GBX 92.60 ($1.26).
Shares of Mothercare (MTC) traded up GBX 0.95 ($0.01) during trading hours on Wednesday, hitting GBX 50.10 ($0.68). 2,010,000 shares of the stock traded hands, compared to its average volume of 513,382. Mothercare has a 52-week low of GBX 42.05 ($0.57) and a 52-week high of GBX 137.12 ($1.86). The company has a market capitalization of $85.61 and a P/E ratio of -1,252.50.
In other Mothercare news, insider Glyn Hughes acquired 69,896 shares of the company’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 71 ($0.96) per share, with a total value of £49,626.16 ($67,298.83). Also, insider Mark Newton-Jones purchased 150,738 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of GBX 66 ($0.90) per share, with a total value of £99,487.08 ($134,916.03). Insiders have bought a total of 439,500 shares of company stock worth $24,979,160 over the last 90 days.
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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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