Mothercare plc (MTC) Lifted to Hold at Berenberg Bank
Mothercare plc (LON:MTC) was upgraded by analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 130 ($1.68) target price on the stock, up from their prior target price of GBX 100 ($1.29). Berenberg Bank’s price target suggests a potential upside of 4.63% from the company’s previous close.
Several other brokerages also recently issued reports on MTC. Canaccord Genuity reissued a “sell” rating and issued a GBX 106 ($1.37) price target on shares of Mothercare plc in a report on Thursday, May 18th. JPMorgan Chase & Co. cut their price target on Mothercare plc from GBX 149 ($1.93) to GBX 140 ($1.81) and set an “overweight” rating on the stock in a report on Friday, May 19th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 150 ($1.94) price target on shares of Mothercare plc in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 135.20 ($1.75).
Mothercare plc (LON:MTC) traded up 0.81% during midday trading on Thursday, hitting GBX 124.25. The stock had a trading volume of 172,574 shares. Mothercare plc has a one year low of GBX 102.25 and a one year high of GBX 145.00. The stock has a 50-day moving average price of GBX 125.28 and a 200 day moving average price of GBX 117.38. The firm’s market cap is GBX 211.47 million.
In other Mothercare plc news, insider Tea Colaianni bought 40,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of GBX 121 ($1.56) per share, with a total value of £48,400 ($62,540.38).
About Mothercare plc
Mothercare plc is a retailer for parents and young children. The principal activity of the Company is to operate as a specialist omni-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands. The Company’s operating segments include the UK business and the International business.
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