Mothercare plc (LON:MTC) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 64 ($0.86) and last traded at GBX 67 ($0.90), with a volume of 434954 shares trading hands. The stock had previously closed at GBX 67 ($0.90).

MTC has been the topic of a number of recent research reports. J P Morgan Chase & Co lowered Mothercare to a “neutral” rating and reduced their target price for the company from GBX 120 ($1.62) to GBX 110 ($1.48) in a research note on Friday, November 10th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 103 ($1.39) target price on shares of Mothercare in a research note on Thursday, November 23rd. Peel Hunt reaffirmed a “hold” rating and issued a GBX 60 ($0.81) target price on shares of Mothercare in a research note on Tuesday, December 5th. Finally, Numis Securities reaffirmed an “under review” rating on shares of Mothercare in a research note on Thursday, November 23rd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Mothercare currently has an average rating of “Hold” and a consensus target price of GBX 110.60 ($1.49).

In other news, insider Mark Newton-Jones bought 150,738 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of GBX 66 ($0.89) per share, with a total value of £99,487.08 ($133,899.17). Also, insider Glyn Hughes bought 69,896 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($66,791.60).

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About Mothercare

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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