Mothercare Given Overweight Rating at JPMorgan Chase & Co. (MTC)
Mothercare (LON:MTC)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, American Banking and Market News reports.
Shares of Mothercare (LON:MTC) traded down 30.43% during mid-day trading on Tuesday, hitting GBX 291.50. 1,543,287 shares of the company’s stock traded hands. Mothercare has a 52-week low of GBX 267.00 and a 52-week high of GBX 494.75. The stock has a 50-day moving average of GBX 407.5 and a 200-day moving average of GBX 417.2. The company’s market cap is £258.3 million.
A number of other firms have also recently commented on MTC. Analysts at Liberum Capital initiated coverage on shares of Mothercare in a research note to investors on Tuesday, December 3rd. They set a “sell” rating and a GBX 300 ($4.92) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Mothercare from GBX 450 ($7.38) to GBX 475 ($7.79) in a research note to investors on Thursday, November 21st. They now have an “add” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Mothercare in a research note to investors on Thursday, November 21st. They now have a GBX 450 ($7.38) price target on the stock. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Mothercare currently has an average rating of “Hold” and a consensus price target of GBX 313.76 ($5.15).
Mothercare plc is a retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands.
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