Majestic Wine PLC’s (WINE) “Buy” Rating Reaffirmed at Peel Hunt
Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 440 ($5.74) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 46.18% from the company’s previous close.
Several other brokerages have also weighed in on WINE. Liberum Capital lifted their target price on shares of Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a research report on Monday, June 20th. Canaccord Genuity decreased their target price on shares of Majestic Wine PLC from GBX 350 ($4.57) to GBX 290 ($3.79) and set a “sell” rating on the stock in a research report on Thursday, September 29th. Finally, Investec decreased their target price on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating on the stock in a research report on Wednesday, September 21st.
Majestic Wine PLC (LON:WINE) opened at 301.00 on Tuesday. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00. The firm’s 50-day moving average price is GBX 399.28 and its 200 day moving average price is GBX 416.42. The firm’s market cap is GBX 212.96 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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