Majestic Wine PLC (MJW) Given “Sell” Rating at Canaccord Genuity
Canaccord Genuity reissued their sell rating on shares of Majestic Wine PLC (LON:MJW) in a research report released on Wednesday morning. They currently have a GBX 290 ($3.79) target price on the stock.
Other equities research analysts have also issued reports about the stock. Peel Hunt reiterated a buy rating and set a GBX 440 ($5.74) price target on shares of Majestic Wine PLC in a research note on Tuesday. Liberum Capital cut their price target on shares of Majestic Wine PLC from GBX 525 ($6.85) to GBX 505 ($6.59) and set a buy rating on the stock in a research note on Tuesday, July 5th. Finally, Investec cut their price target 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 note on Wednesday, September 21st.
Shares of Majestic Wine PLC (LON:MJW) traded down 0.94% during midday trading on Wednesday, hitting GBX 420.50. 392,409 shares of the stock were exchanged. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00. The stock has a 50 day moving average price of GBX 368.83 and a 200-day moving average price of GBX 362.48.
About Majestic Wine PLC
Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.
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