Insider Buying: Mothercare plc (MTC) Insider Acquires £99,487.08 in Stock

Mothercare plc (LON:MTC) insider Mark Newton-Jones acquired 150,738 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was acquired at an average cost of GBX 66 ($0.87) per share, for a total transaction of £99,487.08 ($130,852.40).

Shares of Mothercare plc (MTC) opened at GBX 65.30 ($0.86) on Monday. Mothercare plc has a twelve month low of GBX 64.16 ($0.84) and a twelve month high of GBX 137.12 ($1.80).

MTC has been the topic of several recent research reports. Peel Hunt downgraded shares of Mothercare to a “hold” rating and dropped their price objective for the company from GBX 150 ($1.97) to GBX 60 ($0.79) in a report on Thursday. J P Morgan Chase & Co downgraded shares of Mothercare to a “neutral” rating and dropped their price objective for the company from GBX 120 ($1.58) to GBX 110 ($1.45) in a report on Friday, November 10th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 103 ($1.35) price objective on shares of Mothercare in a report on Thursday. Finally, Numis Securities Ltd reaffirmed an “under review” rating on shares of Mothercare in a report on Thursday. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 110.60 ($1.45).

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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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