Majestic Wine PLC (MJW) Rating Reiterated by Panmure Gordon
Majestic Wine PLC (LON:MJW)‘s stock had its “hold” rating reissued by research analysts at Panmure Gordon in a research report issued on Thursday. They presently have a GBX 320 ($4.00) price target on the stock. Panmure Gordon’s target price points to a potential downside of 23.90% from the stock’s previous close.
MJW has been the topic of a number of other reports. Liberum Capital reduced their target price on shares of Majestic Wine PLC from GBX 415 ($5.18) to GBX 380 ($4.75) and set a “buy” rating on the stock in a research note on Monday, November 7th. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 290 ($3.62) target price on shares of Majestic Wine PLC in a research note on Wednesday, October 5th. Investec reduced their target price on shares of Majestic Wine PLC from GBX 510 ($6.37) to GBX 450 ($5.62) and set a “buy” rating on the stock in a research note on Wednesday, September 21st. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 440 ($5.50) target price on shares of Majestic Wine PLC in a research note on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 348 ($4.35).
Majestic Wine PLC (LON:MJW) traded down 0.94% during trading on Thursday, 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’s 50 day moving average price is GBX 368.83 and its 200 day moving average price is 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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