Mothercare (MTC) Given “Hold” Rating at Peel Hunt
Mothercare (LON:MTC)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 60 ($0.81) price objective on the stock. Peel Hunt’s target price suggests a potential downside of 16.50% from the stock’s current price.
Several other equities research analysts have also recently issued reports on MTC. J P Morgan Chase & Co decreased their price objective on shares of Mothercare from GBX 140 ($1.88) to GBX 120 ($1.62) and set an “overweight” rating for the company in a research report on Monday, September 4th. Numis Securities reaffirmed an “under review” rating on shares of Mothercare in a research report on Thursday, November 23rd. Finally, Canaccord Genuity reaffirmed a “sell” rating and set a GBX 103 ($1.39) price objective on shares of Mothercare in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Mothercare currently has a consensus rating of “Hold” and an average price target of GBX 110.60 ($1.49).
Shares of Mothercare (LON MTC) traded down GBX 0.14 ($0.00) during mid-day trading on Tuesday, reaching GBX 71.86 ($0.97). 195,256 shares of the company’s stock traded hands, compared to its average volume of 225,898. Mothercare has a 52 week low of GBX 64.16 ($0.86) and a 52 week high of GBX 137.12 ($1.85).
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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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