J P Morgan Chase & Co Downgrades Mothercare plc (MTC) to Neutral

J P Morgan Chase & Co downgraded shares of Mothercare plc (LON:MTC) to a neutral rating in a report released on Friday morning. The brokerage currently has GBX 110 ($1.45) price objective on the stock, down from their previous price objective of GBX 120 ($1.58).

Several other analysts also recently commented on MTC. Canaccord Genuity reissued a sell rating and issued a GBX 103 ($1.35) price objective on shares of Mothercare plc in a research note on Thursday, July 20th. Peel Hunt reaffirmed a buy rating and set a GBX 150 ($1.97) price target on shares of Mothercare plc in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 128.60 ($1.69).

Mothercare plc (LON MTC) opened at GBX 90.25 ($1.19) on Friday. Mothercare plc has a 1-year low of GBX 91 ($1.20) and a 1-year high of GBX 137.12 ($1.80).

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Mothercare plc 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.

Analyst Recommendations for Mothercare plc (LON:MTC)

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