Mothercare Given Sell Rating at Cantor Fitzgerald Europe (MTC)
Mothercare (LON:MTC)‘s stock had its “sell” rating reiterated by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 200 ($3.28) price target on the stock. Cantor Fitzgerald Europe’s price target would suggest a potential downside of 30.80% from the stock’s previous close.
Mothercare (LON:MTC) traded up 6.25% during mid-day trading on Monday, hitting GBX 289.00. 643,865 shares of the company’s stock traded hands. Mothercare has a 1-year low of GBX 262.75 and a 1-year high of GBX 494.75. The stock has a 50-day moving average of GBX 380.3 and a 200-day moving average of GBX 409.0. The company’s market cap is £256.1 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd downgraded shares of Mothercare to a “hold” rating in a research note to investors on Tuesday, January 14th. They now have a GBX 275 ($4.51) price target on the stock. Separately, analysts at Liberum Capital cut their price target on shares of Mothercare from GBX 300 ($4.92) to GBX 160 ($2.63) in a research note to investors on Thursday, January 9th. They now have a “sell” rating 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 ($6.27) price target on the stock, down previously from GBX 450 ($7.39). Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 307.26 ($5.04).
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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