Mothercare (MTC) Downgraded to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Mothercare (LON:MTC) to an underweight rating in a research note issued to investors on Wednesday morning. They currently have GBX 40 ($0.54) price objective on the stock, down from their previous price objective of GBX 82 ($1.11).

Other research analysts have also issued research reports about the company. Canaccord Genuity restated a sell rating and set a GBX 103 ($1.40) target price on shares of Mothercare in a research report on Thursday, November 23rd. Peel Hunt restated a hold rating and set a GBX 60 ($0.81) target price on shares of Mothercare in a research report on Tuesday, December 5th. Finally, Numis Securities restated an under review rating on shares of Mothercare in a research report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 92.60 ($1.26).

Shares of Mothercare (LON MTC) traded up GBX 0.95 ($0.01) during trading hours on Wednesday, hitting GBX 50.10 ($0.68). Mothercare has a 52 week low of GBX 42.05 ($0.57) and a 52 week high of GBX 137.12 ($1.86). The firm has a market capitalization of $85.61 and a price-to-earnings ratio of -1,252.50.

In other news, insider Glyn Hughes purchased 69,896 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($67,298.83). Also, insider Mark Newton-Jones purchased 218,866 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was purchased at an average price of GBX 46 ($0.62) per share, with a total value of £100,678.36 ($136,531.54). Insiders have acquired 439,500 shares of company stock valued at $24,979,160 in the last 90 days.

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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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