Majestic Wine PLC (LON:WINE) had its target price reduced by research analysts at Canaccord Genuity from GBX 350 ($4.57) to GBX 290 ($3.79) in a research report issued to clients and investors on Thursday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price target would indicate a potential downside of 5.71% from the stock’s current price.
Several other brokerages also recently commented on WINE. Peel Hunt lowered their price target on Majestic Wine PLC from GBX 540 ($7.05) to GBX 400 ($5.22) and set a “buy” rating on the stock in a report on Wednesday, September 21st. Liberum Capital increased their price target on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a report on Monday, June 20th. Finally, Investec lowered their price target on Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating on the stock in a report on Wednesday, September 21st.
Majestic Wine PLC (LON:WINE) opened at 307.560333 on Thursday. The stock’s 50 day moving average is GBX 402.54 and its 200 day moving average is GBX 417.28. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00. The company’s market cap is GBX 217.61 million.
Majestic Wine PLC Company Profile
Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.
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