Mothercare (MTC) Stock Rating Lowered by JPMorgan Chase & Co.

Mothercare (LON:MTC) was downgraded by stock analysts at JPMorgan Chase & Co. to an “underweight” rating in a research note issued on Wednesday. They presently have a GBX 40 ($0.54) price objective on the stock, down from their previous price objective of GBX 82 ($1.11). JPMorgan Chase & Co.’s price target would suggest a potential downside of 20.16% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Peel Hunt dropped their price objective on shares of Mothercare from GBX 60 ($0.81) to GBX 40 ($0.54) and set a “hold” rating on the stock in a research note on Monday, January 8th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 103 ($1.40) price objective on shares of Mothercare in a research note on Thursday, November 23rd. Finally, Numis Securities reiterated an “under review” rating on shares of Mothercare in a research note on Thursday, November 23rd. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has a consensus 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 trading on Wednesday, reaching GBX 50.10 ($0.68). The firm has a market cap of $85.61 and a P/E ratio of -1,252.50. Mothercare has a one year low of GBX 42.05 ($0.57) and a one year high of GBX 137.12 ($1.86).

In other Mothercare news, insider Glyn Hughes purchased 69,896 shares of the company’s stock in a transaction dated 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 ($67,298.83). Also, insider Mark Newton-Jones purchased 150,738 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of GBX 66 ($0.90) per share, for a total transaction of £99,487.08 ($134,916.03). In the last 90 days, insiders have bought 439,500 shares of company stock worth $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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