Mothercare plc (LON:MTC) reached a new 52-week low on Monday . The company traded as low as GBX 18.48 ($0.26) and last traded at GBX 19.86 ($0.27), with a volume of 435099 shares changing hands. The stock had previously closed at GBX 19.64 ($0.27).
A number of research firms have weighed in on MTC. Numis Securities reaffirmed an “under review” rating on shares of Mothercare in a report on Thursday, November 23rd. Peel Hunt downgraded Mothercare to a “hold” rating and decreased their price objective for the company from GBX 150 ($2.07) to GBX 60 ($0.83) in a report on Thursday, November 23rd. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 103 ($1.42) price objective on shares of Mothercare in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. downgraded Mothercare to an “underweight” rating and decreased their price objective for the company from GBX 82 ($1.13) to GBX 40 ($0.55) in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 52 ($0.72).
The company has a market capitalization of $33.94 and a P/E ratio of -496.50.
In other news, insider Mark Newton-Jones bought 218,866 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was bought at an average price of GBX 46 ($0.64) per share, for a total transaction of £100,678.36 ($139,096.93).
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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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