JPMorgan Chase & Co. Lowers Mothercare (MTC) to Underweight
Mothercare (LON:MTC) was downgraded by research analysts at JPMorgan Chase & Co. to an “underweight” rating in a research report issued on Wednesday. They currently have a GBX 40 ($0.54) target price on the stock, down from their previous target price of GBX 82 ($1.11). JPMorgan Chase & Co.’s price objective points to a potential downside of 19.22% from the stock’s previous close.
Other analysts have also issued reports about the stock. Peel Hunt lowered shares of Mothercare to a “hold” rating and lowered their price target for the company from GBX 150 ($2.03) to GBX 60 ($0.81) in a research report on Thursday, November 23rd. Canaccord Genuity reissued a “sell” rating and set a GBX 103 ($1.40) price objective on shares of Mothercare in a research note on Thursday, November 23rd. Finally, Numis Securities reissued an “under review” rating 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 issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 92.60 ($1.26).
Mothercare (LON:MTC) traded up GBX 3.52 ($0.05) during mid-day trading on Wednesday, hitting GBX 49.52 ($0.67). 1,275,130 shares of the stock traded hands, compared to its average volume of 442,299. The firm has a market capitalization of $83.88 and a price-to-earnings ratio of -1,237.96. Mothercare has a twelve month low of GBX 42.05 ($0.57) and a twelve month high of GBX 137.12 ($1.86).
In related news, insider Mark Newton-Jones purchased 218,866 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were bought at an average price of GBX 46 ($0.62) per share, with a total value of £100,678.36 ($136,531.54). Also, insider Glyn Hughes purchased 69,896 shares of the business’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($67,298.83). Insiders have purchased 439,500 shares of company stock worth $24,979,160 in the last three months.
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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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