Mothercare plc (MTC) Cut to “Neutral” at J P Morgan Chase & Co

J P Morgan Chase & Co downgraded shares of Mothercare plc (LON:MTC) to a neutral rating in a research report report published on Friday. They currently have GBX 110 ($1.45) target price on the stock, down from their prior target price of GBX 120 ($1.58).

A number of other research analysts have also issued reports on MTC. Canaccord Genuity reissued a sell rating and set a GBX 103 ($1.35) target price on shares of Mothercare plc in a research note on Thursday, July 20th. Peel Hunt reaffirmed a buy rating and issued a GBX 150 ($1.97) price target on shares of Mothercare plc in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 128.60 ($1.69).

Mothercare plc (LON MTC) traded down GBX 2 ($0.03) during trading on Friday, reaching GBX 94 ($1.24). 121,350 shares of the company’s stock were exchanged, compared to its average volume of 69,930. Mothercare plc has a 52-week low of GBX 91 ($1.20) and a 52-week high of GBX 137.12 ($1.80).

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Mothercare plc 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.

Analyst Recommendations for Mothercare plc (LON:MTC)

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