Insider Buying: Mothercare plc (MTC) Insider Acquires £49,626.16 in Stock
Mothercare plc (LON:MTC) insider Glyn Hughes acquired 69,896 shares of Mothercare stock in a transaction on Friday, December 1st. The shares were bought at an average cost of GBX 71 ($0.96) per share, with a total value of £49,626.16 ($66,791.60).
Shares of Mothercare plc (MTC) opened at GBX 69.24 ($0.93) on Thursday. Mothercare plc has a 52-week low of GBX 64.16 ($0.86) and a 52-week high of GBX 137.12 ($1.85).
A number of equities analysts have commented on the stock. Peel Hunt reaffirmed a “hold” rating and set a GBX 60 ($0.81) price objective on shares of Mothercare in a research report on Tuesday. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 103 ($1.39) price objective on shares of Mothercare in a research report on Thursday, November 23rd. J P Morgan Chase & Co cut shares of Mothercare to a “neutral” rating and reduced their price objective for the stock from GBX 120 ($1.62) to GBX 110 ($1.48) in a research report on Friday, November 10th. Finally, Numis Securities reaffirmed an “under review” rating on shares of Mothercare in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 110.60 ($1.49).
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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