Mothercare plc (MTC) Insider Glyn Hughes Buys 69,896 Shares of Stock

Mothercare plc (LON:MTC) insider Glyn Hughes acquired 69,896 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of GBX 71 ($0.96) per share, for a total transaction of £49,626.16 ($66,791.60).

Mothercare plc (LON:MTC) opened at GBX 70 ($0.94) on Tuesday. Mothercare plc has a 52-week low of GBX 64.16 ($0.86) and a 52-week high of GBX 137.12 ($1.85).

A number of research analysts recently weighed in on MTC shares. Peel Hunt downgraded shares of Mothercare to a “hold” rating and lowered their price objective for the company from GBX 150 ($2.02) to GBX 60 ($0.81) in a research report on Thursday, November 23rd. J P Morgan Chase & Co downgraded shares of Mothercare to a “neutral” rating and lowered their price objective for the company from GBX 120 ($1.62) to GBX 110 ($1.48) in a research report on Friday, November 10th. Canaccord Genuity restated a “sell” rating and set a GBX 103 ($1.39) price objective on shares of Mothercare in a research report on Thursday, November 23rd. Finally, Numis Securities restated an “under review” rating on shares of Mothercare in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 110.60 ($1.49).

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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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