Mothercare (MTC) Hits New 52-Week Low at $40.65
Mothercare plc (LON:MTC) hit a new 52-week low on Friday . The company traded as low as GBX 40.65 ($0.57) and last traded at GBX 41.85 ($0.59), with a volume of 533356 shares trading hands. The stock had previously closed at GBX 41.85 ($0.59).
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Mothercare to a “neutral” rating and dropped their price objective for the stock from GBX 120 ($1.69) to GBX 110 ($1.54) in a research note on Friday, November 10th. Peel Hunt lowered shares of Mothercare to a “hold” rating and dropped their price objective for the stock from GBX 150 ($2.11) to GBX 60 ($0.84) in a research note on Thursday, November 23rd. Numis Securities reissued an “under review” rating on shares of Mothercare in a research note on Thursday, November 23rd. Finally, Canaccord Genuity reissued a “sell” rating and set a GBX 103 ($1.45) price objective on shares of Mothercare in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 92.60 ($1.30).
The firm has a market cap of $71.51 and a P/E ratio of -1,046.25.
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Mothercare 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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