Mothercare (LON:MTC) was upgraded by equities research analysts at Berenberg Bank to a "hold" rating in a note issued to investors on Thursday, MarketBeat.com reports.
The brokerage currently has a GBX 130 ($1.68) price objective on the stock, up from their prior price objective of GBX 100 ($1.29). Berenberg Bank's price objective would suggest a potential upside of 5.48% from the company's current price.
A number of other equities research analysts also recently issued reports on MTC. JPMorgan Chase & Co (NYSE:JPM). reduced their price objective on shares of Mothercare plc from GBX 160 ($2.07) to GBX 149 ($1.93) and set an "overweight" rating for the company in a research report on Wednesday, March 1st. Numis Securities Ltd reaffirmed a "buy" rating and issued a GBX 150 ($1.94) price objective on shares of Mothercare plc in a research report on Thursday, April 6th.
Finally, Canaccord Genuity upped their price objective on shares of Mothercare plc from GBX 81 ($1.05) to GBX 106 ($1.37) and gave the stock a "sell" rating in a research report on Friday, April 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of "Hold" and a consensus price target of GBX 135.20 ($1.75).
Mothercare plc (MTC) opened at 122.50 on Thursday, MarketBeat.com reports. The stock's market cap is GBX 208.49 million. Mothercare plc has a 52 week low of GBX 102.25 and a 52 week high of GBX 145.00. The firm has a 50-day moving average price of GBX 125.29 and a 200-day moving average price of GBX 117.33.
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In related news, insider Tea Colaianni bought 40,000 shares of Mothercare plc stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of GBX 121 ($1.56) per share, with a total value of ?48,400 ($62,540.38).
About Mothercare plc
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.