Mothercare (LON:MTC) Trading 14.8% Higher – Here’s Why

Shares of Mothercare plc (LON:MTC) were up 14.8% on Tuesday . The company traded as high as GBX 2.69 and last traded at GBX 2.69. Approximately 150,124 shares changed hands during trading, an increase of 48% from the average daily volume of 101,642 shares. The stock had previously closed at GBX 2.34.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft dropped 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 450.

Mothercare Trading Down 1.5%

The firm’s 50 day moving average price is GBX 2.42 and its 200-day moving average price is GBX 2.74. The company has a debt-to-equity ratio of 1,691.67, a current ratio of 1.28 and a quick ratio of 1.31. The stock has a market cap of £13.00 million, a P/E ratio of 2.10, a P/E/G ratio of 1.12 and a beta of 1.15.

Mothercare (LON:MTC) last announced its quarterly earnings data on Tuesday, December 23rd. The company reported GBX (0.30) earnings per share for the quarter. As a group, equities research analysts forecast that Mothercare plc will post 0.2157576 earnings per share for the current year.

Insider Buying and Selling at Mothercare

In other Mothercare news, insider Andrew Cook acquired 5,000,000 shares of Mothercare stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £50,000. Also, insider Clive Whiley bought 42,000,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average cost of GBX 1 per share, with a total value of £420,000. 2.63% of the stock is owned by insiders.

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.