Mothercare plc (LON:MTC – Get Free Report) shares were down 16.3% on Wednesday . The stock traded as low as GBX 1.96 and last traded at GBX 2. Approximately 928,127 shares were traded during mid-day trading, an increase of 167% from the average daily volume of 347,808 shares. The stock had previously closed at GBX 2.39.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mothercare from GBX 650 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mothercare has an average rating of “Buy” and an average price target of GBX 450.
Read Our Latest Analysis on MTC
Mothercare Stock Up 6.7%
Mothercare (LON:MTC – Get Free Report) last issued its quarterly earnings results on Tuesday, December 23rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. Equities research analysts forecast that Mothercare plc will post 0.2157576 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Clive Whiley acquired 42,000,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average cost of GBX 1 per share, for a total transaction of £420,000. Also, insider Andrew Cook bought 5,000,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average cost of GBX 1 per share, with a total value of £50,000. Company insiders own 2.63% of the company’s stock.
About Mothercare
Mothercare plc, through its subsidiaries, operates as a specialist franchisor of products for parents and young children under the Mothercare brand. The company provides clothing, footwear, home and travel products, and toys. It operates through Mothercare stores, as well as online stores under the Mothercare brand. The company was founded in 1961 and is headquartered in Hemel Hempstead, the United Kingdom.
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