Mothercare Lowered to Hold at Numis Securities Ltd (MTC)
Mothercare (LON:MTC) was downgraded by analysts at Numis Securities Ltd to a “hold” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 275 ($4.53) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 1.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital cut their price target on shares of Mothercare from GBX 300 ($4.94) to GBX 160 ($2.64) in a research note to investors on Thursday, January 9th. They now have a “sell” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Mothercare in a research note to investors on Wednesday, January 8th. They now have a GBX 200 ($3.30) price target on the stock. Finally, analysts at Nplus1 Brewin downgraded shares of Mothercare to a “hold” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 382 ($6.30) price target on the stock, down previously from GBX 450 ($7.42). Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Mothercare currently has a consensus rating of “Hold” and a consensus price target of GBX 297.50 ($4.90).
Shares of Mothercare (LON:MTC) opened at 270.78 on Tuesday. 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 393.7 and a 200-day moving average of GBX 413.2. The company’s market cap is £239.9 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.