Mothercare plc (MTC) Reaches New 1-Year Low at $87.00
Shares of Mothercare plc (LON:MTC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 87 ($1.14) and last traded at GBX 87 ($1.14), with a volume of 130296 shares. The stock had previously closed at GBX 93.75 ($1.23).
Several analysts have recently issued reports on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 150 ($1.97) price objective on shares of Mothercare plc in a report on Thursday, July 20th. J P Morgan Chase & Co downgraded Mothercare plc to a “neutral” rating and cut their target price for the company from GBX 120 ($1.58) to GBX 110 ($1.45) in a research report on Friday. Finally, Canaccord Genuity reissued a “sell” rating and set a GBX 103 ($1.35) 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, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 128.60 ($1.69).
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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