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).

Analyst Recommendations for Mothercare plc (LON:MTC)

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.

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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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