Majestic Wine PLC (WINE) Downgraded by Peel Hunt
Majestic Wine PLC (LON:WINE) was downgraded by Peel Hunt to a “hold” rating in a report released on Thursday. They currently have a GBX 300 ($3.75) price objective on the stock, down from their prior price objective of GBX 440 ($5.50). Peel Hunt’s price objective indicates a potential downside of 0.58% from the company’s current price.
A number of other research analysts also recently issued reports on WINE. Liberum Capital cut their price objective on Majestic Wine PLC from GBX 415 ($5.18) to GBX 380 ($4.75) and set a “buy” rating for the company in a research note on Monday, November 7th. Investec cut their price objective on Majestic Wine PLC from GBX 510 ($6.37) to GBX 450 ($5.62) and set a “buy” rating for the company in a research note on Wednesday, September 21st. Finally, Canaccord Genuity cut their price objective on Majestic Wine PLC from GBX 350 ($4.37) to GBX 290 ($3.62) and set a “sell” rating for the company in a research note on Thursday, September 29th.
Majestic Wine PLC (LON:WINE) opened at 308.325 on Thursday. The company’s market cap is GBX 218.15 million. The stock has a 50 day moving average of GBX 295.26 and a 200 day moving average of GBX 385.45. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00.
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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