Trading Report: The Numis Securities Ltd Reiterates “Buy” Rating for Mothercare plc (MTC)

The Numis Securities Ltd Reiterates “Buy” Rating for Mothercare plc (MTC)

Mothercare plc (LON:MTC)‘s stock had its “buy” rating reiterated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 165 ($2.06) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 50.00% from the stock’s current price.

MTC has been the subject of a number of other reports. Peel Hunt lowered their price objective on Mothercare plc from GBX 275 ($3.44) to GBX 150 ($1.87) and set a “buy” rating for the company in a research note on Thursday. Berenberg Bank reduced 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 research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Mothercare plc currently has a consensus rating of “Buy” and an average price target of GBX 173.80 ($2.17).

Shares of Mothercare plc (LON:MTC) opened at 111.00 on Thursday. The stock’s market cap is GBX 189.60 million. The company’s 50-day moving average price is GBX 111.59 and its 200-day moving average price is GBX 125.36. Mothercare plc has a 52-week low of GBX 101.25 and a 52-week high of GBX 253.62.

In other news, insider Mark Newton-Jones acquired 173,183 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average price of GBX 115 ($1.44) per share, for a total transaction of £199,160.45 ($248,826.15).

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