Insider Buying: Mothercare plc (MTC) Insider Acquires 173,183 Shares of Stock
Mothercare plc (LON:MTC) insider Mark Newton-Jones bought 173,183 shares of the company’s stock in a transaction on Friday, October 7th. The stock was purchased at an average price of GBX 115 ($1.50) per share, with a total value of £199,160.45 ($259,966.65).
Shares of Mothercare plc (LON:MTC) traded down 1.74% during midday trading on Friday, hitting GBX 113.00. The stock had a trading volume of 40,412 shares. Mothercare plc has a 1-year low of GBX 101.25 and a 1-year high of GBX 254.36. The firm’s 50-day moving average price is GBX 124.94 and its 200-day moving average price is GBX 135.92. The stock’s market cap is GBX 193.01 million.
Several research firms have commented on MTC. Berenberg Bank dropped their target price on Mothercare plc from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “sell” rating for the company in a research report on Tuesday, August 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 180 ($2.35) target price on shares of Mothercare plc in a research report on Friday, July 15th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 165 ($2.15) target price on shares of Mothercare plc in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 204.80 ($2.67).
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About Mothercare plc
Mothercare plc is a United Kingdom-based retailer for parents and young children. The principal activity of the Company is to operate as a specialist multi-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre (ELC) brands.
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