Mothercare plc (LON:MTC) Receives Sell Rating from Canaccord Genuity
Mothercare plc (LON:MTC)‘s stock had its “sell” rating reiterated by investment analysts at Canaccord Genuity in a research note issued on Thursday. They currently have a GBX 103 ($1.34) price target on the stock.
Other research analysts also recently issued research reports about the company. J P Morgan Chase & Co reduced their target price on Mothercare plc from GBX 149 ($1.95) to GBX 140 ($1.83) and set an “overweight” rating on the stock in a report on Friday, May 19th. Berenberg Bank upgraded Mothercare plc to a “hold” rating and increased their price target for the stock from GBX 100 ($1.31) to GBX 130 ($1.70) in a research report on Thursday, June 8th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 150 ($1.96) price target on shares of Mothercare plc in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Mothercare plc has a consensus rating of “Hold” and an average price target of GBX 134.60 ($1.76).
Shares of Mothercare plc (MTC) traded down 1.94% during midday trading on Thursday, hitting GBX 101.00. The stock had a trading volume of 411,136 shares. The company’s market cap is GBX 171.49 million. Mothercare plc has a one year low of GBX 95.00 and a one year high of GBX 145.00. The stock has a 50 day moving average of GBX 115.94 and a 200-day moving average of GBX 117.98.
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In other news, insider Tea Colaianni purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of GBX 121 ($1.58) per share, with a total value of £48,400 ($63,201.88).
Mothercare plc Company Profile
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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