Majestic Wine PLC (WINE) Price Target Lowered to GBX 400 at Peel Hunt

Majestic Wine PLC (LON:WINE) had its target price decreased by Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a report released on Wednesday morning. Peel Hunt currently has a buy rating on the stock.

Separately, Liberum Capital reissued a buy rating and set a GBX 505 ($6.59) target price (down from GBX 525 ($6.85)) on shares of Majestic Wine PLC in a research note on Tuesday, July 5th.

Majestic Wine PLC (LON:WINE) opened at 325.0625 on Wednesday. Majestic Wine PLC has a 52 week low of GBX 273.25 and a 52 week high of GBX 485.00. The stock has a 50 day moving average price of GBX 412.35 and a 200 day moving average price of GBX 420.34. The stock’s market capitalization is GBX 229.99 million.

About Majestic Wine PLC

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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