Trade Report: Today, JPMorgan Chase & Co. Cuts Mothercare plc (MTC) Price Target to GBX 150

Today, JPMorgan Chase & Co. Cuts Mothercare plc (MTC) Price Target to GBX 150

Mothercare plc (LON:MTC) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from GBX 180 ($2.25) to GBX 150 ($1.87) in a research report issued on Friday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 40.85% from the stock’s current price.

Several other analysts have also recently weighed in on MTC. Berenberg Bank dropped their price target on Mothercare plc from GBX 130 ($1.62) to GBX 100 ($1.25) and set a “sell” rating for the company in a report on Tuesday, August 9th. Peel Hunt dropped their price target on Mothercare plc from GBX 275 ($3.44) to GBX 150 ($1.87) and set a “buy” rating for the company in a report on Thursday. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 165 ($2.06) price target on shares of Mothercare plc in a report on Thursday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 173.80 ($2.17).

Shares of Mothercare plc (LON:MTC) opened at 105.61 on Friday. The company’s market cap is GBX 180.39 million. Mothercare plc has a one year low of GBX 101.25 and a one year high of GBX 253.62. The stock’s 50 day moving average price is GBX 111.72 and its 200 day moving average price is GBX 125.46.

In related news, insider Mark Newton-Jones acquired 173,183 shares of the company’s stock in a transaction on Friday, October 7th. The stock was purchased at an average cost of GBX 115 ($1.44) per share, with a total value of £199,160.45 ($248,826.15).

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