Mothercare plc (LON:MTC – Get Free Report) traded up 9.2% during trading on Wednesday following insider buying activity. The company traded as high as GBX 2.44 and last traded at GBX 2.39. 86,197,328 shares traded hands during trading, an increase of 5,933% from the average session volume of 1,428,788 shares. The stock had previously closed at GBX 2.19.
Specifically, insider Clive Whiley purchased 42,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of GBX 1 per share, with a total value of £420,000. Also, insider Andrew Cook acquired 5,000,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was purchased at an average price of GBX 1 per share, with a total value of £50,000.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Mothercare from GBX 650 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 450.
Mothercare Trading Up 9.2%
The firm has a market capitalization of £13.48 million, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The business’s fifty day moving average is GBX 2.46 and its 200 day moving average is GBX 2.74. The company has a quick ratio of 1.31, a current ratio of 1.28 and a debt-to-equity ratio of 1,691.67.
Mothercare (LON:MTC – Get Free Report) last announced its earnings results on Tuesday, December 23rd. The company reported GBX (0.30) earnings per share for the quarter. Equities analysts predict that Mothercare plc will post 0.2157576 earnings per share for the current year.
About Mothercare
Mothercare plc, through its subsidiaries, operates as a specialist franchisor of products for parents and young children under the Mothercare brand. The company provides clothing, footwear, home and travel products, and toys. It operates through Mothercare stores, as well as online stores under the Mothercare brand. The company was founded in 1961 and is headquartered in Hemel Hempstead, the United Kingdom.
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