Insider Buying: Mothercare plc (MTC) Insider Acquires 173,183 Shares of Stock
Mothercare plc (LON:MTC) insider Mark Newton-Jones bought 173,183 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were bought at an average price of GBX 115 ($1.50) per share, with a total value of £199,160.45 ($259,966.65).
Mothercare plc (LON:MTC) traded down 1.74% during trading on Friday, hitting GBX 113.00. The stock had a trading volume of 40,412 shares. Mothercare plc has a one year low of GBX 101.25 and a one year high of GBX 254.36. The firm’s market capitalization is GBX 193.01 million. The stock has a 50 day moving average of GBX 124.94 and a 200 day moving average of GBX 135.92.
Several equities analysts have recently issued reports on MTC shares. Berenberg Bank decreased their target price on Mothercare plc from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “sell” rating for the company in a research report on Tuesday, August 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 180 ($2.35) target price on shares of Mothercare plc in a research report on Friday, July 15th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Mothercare plc in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Mothercare plc currently has a consensus rating of “Buy” and an average price target of GBX 204.80 ($2.67).
Mothercare plc Company Profile
Mothercare plc is a United Kingdom-based retailer for parents and young children. The principal activity of the Company is to operate as a specialist multi-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre (ELC) brands.
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