Mothercare plc (LON:MTC) shares reached a new 52-week low on Monday . The company traded as low as GBX 95 ($1.28) and last traded at GBX 95.50 ($1.29), with a volume of 159,912 shares changing hands. The stock had previously closed at GBX 98 ($1.32).
Several research analysts have commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 150 ($2.02) price objective on shares of Mothercare plc in a research note on Thursday, July 20th. J P Morgan Chase & Co dropped their price objective on shares of Mothercare plc from GBX 140 ($1.89) to GBX 120 ($1.62) and set an “overweight” rating for the company in a research note on Monday, September 4th. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 103 ($1.39) price objective on shares of Mothercare plc in a research note on Thursday, July 20th. Finally, Berenberg Bank raised shares of Mothercare plc to a “hold” rating and lifted their price objective for the stock from GBX 100 ($1.35) to GBX 130 ($1.75) in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 130.60 ($1.76).
The company has a 50-day moving average of GBX 99.44 and a 200-day moving average of GBX 114.22. The stock’s market capitalization is GBX 162.15 million.
In other news, insider Mark Newton-Jones purchased 95,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was purchased at an average cost of GBX 105 ($1.42) per share, with a total value of £99,750 ($134,488.34).
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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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