Mothercare (MTC) Lowered to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Mothercare (LON:MTC) to an underweight rating in a research note released on Wednesday morning. The firm currently has GBX 40 ($0.54) price target on the stock, down from their prior price target of GBX 82 ($1.11).

A number of other research firms have also recently issued reports on MTC. Canaccord Genuity restated a sell rating and set a GBX 103 ($1.40) price target on shares of Mothercare in a report on Thursday, November 23rd. Peel Hunt reiterated a hold rating and issued a GBX 60 ($0.81) target price on shares of Mothercare in a research note on Wednesday, December 20th. Finally, Numis Securities reiterated an under review rating on shares of Mothercare in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 92.60 ($1.26).

Mothercare (LON MTC) traded up GBX 0.95 ($0.01) during mid-day trading on Wednesday, reaching GBX 50.10 ($0.68). Mothercare has a 1 year low of GBX 42.05 ($0.57) and a 1 year high of GBX 137.12 ($1.86). The firm has a market capitalization of $85.61 and a PE ratio of -1,252.50.

In related news, insider Glyn Hughes bought 69,896 shares of Mothercare stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($67,298.83). Also, insider Mark Newton-Jones bought 218,866 shares of Mothercare stock in a transaction that occurred on Tuesday, January 9th. The stock was bought at an average price of GBX 46 ($0.62) per share, with a total value of £100,678.36 ($136,531.54). In the last quarter, insiders purchased 439,500 shares of company stock valued at $24,979,160.

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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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