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Wednesday May 13th 2009
Broker's note: Mothercare
Archived article dated Wednesday May 13th 2009
KBC Peel Hunt has re-iterated its 'Buy' recommendation on Mothercare ahead of its preliminary results next week (May 20).
The broker is forecasting positive news from the company and has pencilled in a 14% increase in pre-tax profits on a pro forma basis to £37.7 million. KBC also suggests the current share price puts Mothercare on an undeserved discount to the rest of the sector.
The retailer's shares trade at 385.25p following the 2.5% decline in early trading this morning (May 13).
Tagged as: Mothercare | KBC Peel Hunt
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