Mothercare plc (MTC) Hits New 1-Year Low at $94.00

Mothercare plc (LON:MTC) hit a new 52-week low on Thursday . The stock traded as low as GBX 94 ($1.25) and last traded at GBX 95.50 ($1.27), with a volume of 18,378 shares changing hands. The stock had previously closed at GBX 95.25 ($1.26).

Several equities research analysts have weighed in on the company. J P Morgan Chase & Co dropped their price objective on Mothercare plc from GBX 140 ($1.86) to GBX 120 ($1.59) and set an “overweight” rating for the company in a report on Monday, September 4th. Berenberg Bank upgraded Mothercare plc to a “hold” rating and increased their price objective for the stock from GBX 100 ($1.33) to GBX 130 ($1.72) in a report on Thursday, June 8th. Peel Hunt reiterated a “buy” rating and issued a GBX 150 ($1.99) price objective on shares of Mothercare plc in a report on Thursday, July 20th. Finally, Canaccord Genuity reiterated a “sell” rating and issued a GBX 103 ($1.37) price objective on shares of Mothercare plc in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 130.60 ($1.73).

The stock’s market capitalization is GBX 162.15 million. The stock has a 50-day moving average of GBX 98.40 and a 200 day moving average of GBX 112.33.

In related news, insider Mark Newton-Jones bought 95,000 shares of the stock in a transaction on Friday, July 21st. The stock was bought at an average price of GBX 105 ($1.39) per share, for a total transaction of £99,750 ($132,311.98).

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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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