Shares of Mothercare plc (LON:MTC) hit a new 52-week low during trading on Monday . The company traded as low as GBX 18.48 ($0.26) and last traded at GBX 19.86 ($0.27), with a volume of 435099 shares trading hands. The stock had previously closed at GBX 19.64 ($0.27).
A number of analysts have commented on MTC shares. JPMorgan Chase & Co. cut shares of Mothercare to an “underweight” rating and cut their price target for the company from GBX 82 ($1.13) to GBX 40 ($0.55) in a research note on Wednesday, January 10th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 29 ($0.40) price target on shares of Mothercare in a research note on Friday, March 2nd. Numis Securities reiterated a “hold” rating and issued a GBX 21 ($0.29) price target on shares of Mothercare in a research note on Monday, March 5th. Finally, Peel Hunt cut their price target on shares of Mothercare from GBX 60 ($0.83) to GBX 40 ($0.55) and set a “hold” rating for the company in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Mothercare has a consensus rating of “Hold” and a consensus target price of GBX 52 ($0.72).
The company has a market capitalization of $34.17 and a P/E ratio of -500.00.
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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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