Mothercare (LON:MTC) Price Target Cut to GBX 40

Mothercare (LON:MTC) had its price objective reduced by equities researchers at Peel Hunt from GBX 60 ($0.81) to GBX 40 ($0.54) in a report released on Monday, January 8th. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s price objective would indicate a potential downside of 18.37% from the stock’s current price.

MTC has been the topic of a number of other research reports. Canaccord Genuity reiterated a “sell” rating and issued a GBX 103 ($1.40) target price on shares of Mothercare in a research 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 target price for the company from GBX 120 ($1.63) to GBX 110 ($1.49) in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 92.60 ($1.26).

Mothercare (MTC) opened at GBX 49 ($0.66) on Monday. The company has a market cap of $83.73 and a P/E ratio of -1,225.00. Mothercare has a fifty-two week low of GBX 42.05 ($0.57) and a fifty-two week high of GBX 137.12 ($1.86).

In related news, insider Mark Newton-Jones bought 218,866 shares of the company’s 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, for a total transaction of £100,678.36 ($136,531.54). Also, insider Glyn Hughes purchased 69,896 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($67,298.83). Over the last quarter, insiders acquired 439,500 shares of company stock valued at $24,979,160.

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About Mothercare

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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