Mothercare (LON:MTC) Trading Up 9.2% Following Insider Buying Activity

Shares of Mothercare plc (LON:MTC) traded up 9.2% during trading on Wednesday following insider buying activity. The company traded as high as GBX 2.44 and last traded at GBX 2.39. 86,197,328 shares traded hands during mid-day trading, an increase of 5,933% from the average session volume of 1,428,788 shares. The stock had previously closed at GBX 2.19.

Specifically, insider Clive Whiley bought 42,000,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average price of GBX 1 per share, with a total value of £420,000. Also, insider Andrew Cook purchased 5,000,000 shares of Mothercare stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of GBX 1 per share, with a total value of £50,000.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Mothercare from GBX 650 to GBX 450 and set a “buy” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mothercare has an average rating of “Buy” and a consensus target price of GBX 450.

Mothercare Price Performance

The stock has a 50-day moving average of GBX 2.50 and a two-hundred day moving average of GBX 2.75. The company has a current ratio of 1.28, a quick ratio of 1.31 and a debt-to-equity ratio of 1,691.67. The firm has a market cap of £13.48 million, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15.

Mothercare (LON:MTC) last posted its quarterly earnings results on Tuesday, December 23rd. The company reported GBX (0.30) earnings per share for the quarter. On average, analysts anticipate that Mothercare plc will post 0.2157576 EPS for the current year.

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.