Mothercare plc (MTC) Insider Purchases £99,487.08 in Stock

Mothercare plc (LON:MTC) insider Mark Newton-Jones purchased 150,738 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of GBX 66 ($0.87) per share, with a total value of £99,487.08 ($130,852.40).

Shares of Mothercare plc (LON MTC) traded down GBX 1 ($0.01) during midday trading on Friday, hitting GBX 67 ($0.88). The company had a trading volume of 658,637 shares, compared to its average volume of 116,982. Mothercare plc has a 1-year low of GBX 78 ($1.03) and a 1-year high of GBX 137.12 ($1.80).

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Several brokerages recently commented on MTC. Canaccord Genuity reissued a “sell” rating and issued a GBX 103 ($1.35) price target on shares of Mothercare plc in a research note on Thursday. Numis Securities Ltd reissued an “under review” rating on shares of Mothercare plc in a research note on Thursday. Peel Hunt cut Mothercare plc to a “hold” rating and lowered their price target for the company from GBX 150 ($1.97) to GBX 60 ($0.79) in a research note on Thursday. Finally, J P Morgan Chase & Co cut Mothercare plc to a “neutral” rating and lowered their price target for the company from GBX 120 ($1.58) to GBX 110 ($1.45) in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 110.60 ($1.45).

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.

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