Mothercare Price Target Cut to GBX 160 (MTC)
Research analysts at Liberum Capital reduced their price objective on shares of Mothercare (LON:MTC) from GBX 300 ($4.92) to GBX 160 ($2.62) in a report released on Thursday, AmericanBankingNews.com reports. The firm currently has a “sell” rating on the stock. Liberum Capital’s target price points to a potential downside of 46.04% from the stock’s previous close.
MTC has been the subject of a number of other recent research reports. Analysts at Seymour Pierce reiterated a “sell” rating on shares of Mothercare in a research note to investors on Wednesday. They now have a GBX 200 ($3.28) price target on the stock. Separately, analysts at Nplus1 Brewin downgraded shares of Mothercare to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 382 ($6.27) price target on the stock, down previously from GBX 450 ($7.38). Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Mothercare in a research note to investors on Wednesday. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 299.76 ($4.92).
Mothercare (LON:MTC) traded up 1.72% on Thursday, hitting GBX 296.50. The stock had a trading volume of 767,760 shares. Mothercare has a 52 week low of GBX 267.00 and a 52 week high of GBX 494.75. The stock’s 50-day moving average is GBX 407.5 and its 200-day moving average is GBX 417.2. The company’s market cap is £262.7 million.
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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