J P Morgan Chase & Co Trims Mothercare plc (MTC) Target Price to GBX 120
Mothercare plc (LON:MTC) had its price target lowered by J P Morgan Chase & Co from GBX 140 ($1.81) to GBX 120 ($1.55) in a report published on Monday morning. The brokerage currently has an overweight rating on the stock.
A number of other research firms have also weighed in on MTC. Numis Securities Ltd reissued a buy rating and set a GBX 150 ($1.94) target price on shares of Mothercare plc in a research report on Thursday, May 18th. Canaccord Genuity reissued a sell rating and set a GBX 106 ($1.37) target price on shares of Mothercare plc in a research report on Thursday, May 18th. Berenberg Bank raised shares of Mothercare plc to a hold rating and boosted their target price for the stock from GBX 100 ($1.29) to GBX 130 ($1.68) in a research report on Thursday, June 8th. Finally, Peel Hunt reissued a buy rating and set a GBX 150 ($1.94) target price on shares of Mothercare plc in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 130.60 ($1.69).
Mothercare plc (LON:MTC) opened at 99.00 on Monday. The stock’s market cap is GBX 168.09 million. The firm’s 50 day moving average price is GBX 100.99 and its 200-day moving average price is GBX 114.89. Mothercare plc has a 52 week low of GBX 95.00 and a 52 week high of GBX 137.12.
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In other news, insider Mark Newton-Jones bought 95,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was purchased at an average price of GBX 105 ($1.36) per share, with a total value of £99,750 ($128,826.04).
About Mothercare plc
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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