Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reiterated by Peel Hunt in a report issued on Tuesday. They currently have a GBX 440 ($5.74) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 43.79% from the company’s current price.
Other analysts have also issued reports about the company. Liberum Capital lifted their price target on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research note on Monday, June 20th. 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 research note on Wednesday, September 21st. Finally, Canaccord Genuity lowered their price target on Majestic Wine PLC from GBX 350 ($4.57) to GBX 290 ($3.79) and set a “sell” rating on the stock in a research note on Thursday, September 29th.
Shares of Majestic Wine PLC (LON:WINE) opened at 306.00 on Tuesday. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The stock’s market cap is GBX 216.50 million. The firm has a 50-day moving average price of GBX 392.02 and a 200-day moving average price of GBX 414.45.
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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