Insider Buying: Mothercare plc (MTC) Insider Purchases 69,896 Shares of Stock

Mothercare plc (LON:MTC) insider Glyn Hughes acquired 69,896 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 71 ($0.95) per share, for a total transaction of £49,626.16 ($66,460.64).

Shares of Mothercare plc (LON MTC) opened at GBX 69 ($0.92) on Monday. Mothercare plc has a 12-month low of GBX 64.16 ($0.86) and a 12-month high of GBX 137.12 ($1.84).

A number of equities research analysts have issued reports on MTC shares. J P Morgan Chase & Co cut Mothercare to a “neutral” rating and decreased their target price for the stock from GBX 120 ($1.61) to GBX 110 ($1.47) in a research report on Friday, November 10th. Peel Hunt cut Mothercare to a “hold” rating and decreased their target price for the stock from GBX 150 ($2.01) to GBX 60 ($0.80) in a research report on Thursday, November 23rd. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 103 ($1.38) target price on shares of Mothercare in a research report on Thursday, November 23rd. Finally, Numis Securities reaffirmed an “under review” rating on shares of Mothercare in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Mothercare presently has an average rating of “Hold” and an average target price of GBX 110.60 ($1.48).

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/04/insider-buying-mothercare-plc-mtc-insider-purchases-69896-shares-of-stock.html.

About Mothercare

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.

Receive News & Ratings for Mothercare plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mothercare plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply