Majestic Wine PLC (WINE) Price Target Lowered to GBX 290 at Canaccord Genuity
Majestic Wine PLC (LON:WINE) had its price objective reduced by stock analysts at Canaccord Genuity from GBX 350 ($4.57) to GBX 290 ($3.79) in a note issued to investors on Thursday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 7.64% from the company’s current price.
WINE has been the subject of several other research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 540 ($7.05) price objective on shares of Majestic Wine PLC in a research report on Thursday, September 1st. Liberum Capital reiterated a “buy” rating and issued a GBX 505 ($6.59) price objective (down previously from GBX 525 ($6.85)) on shares of Majestic Wine PLC in a research report on Tuesday, July 5th. Finally, Investec decreased their target price on Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a report on Wednesday, September 21st.
Shares of Majestic Wine PLC (LON:WINE) opened at 310.8049 on Thursday. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00. The stock’s 50 day moving average is GBX 407.67 and its 200 day moving average is GBX 418.81. The firm’s market cap is GBX 219.90 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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