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You are here: Home | City and Corporate | Broker's note: Mothercare

Broker's note: Mothercare

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 f

rom 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).


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Tagged as: Mothercare | KBC Peel Hunt

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