Majestic Wine PLC’s (WINE) “Buy” Rating Reiterated at Investec
Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reiterated by stock analysts at Investec in a research note issued to investors on Thursday. They presently have a GBX 450 ($5.62) target price on the stock. Investec’s target price would indicate a potential upside of 49.13% from the stock’s current price.
Several other brokerages also recently issued reports on WINE. Peel Hunt cut their price target on shares of Majestic Wine PLC from GBX 540 ($6.75) to GBX 400 ($5.00) and set a “buy” rating for the company in a report on Wednesday, September 21st. Liberum Capital cut their price target on shares of Majestic Wine PLC from GBX 505 ($6.31) to GBX 415 ($5.18) and set a “buy” rating for the company in a report on Wednesday, September 21st. Finally, Canaccord Genuity cut their price target on shares of Majestic Wine PLC from GBX 350 ($4.37) to GBX 290 ($3.62) and set a “sell” rating for the company in a report on Thursday, September 29th.
Shares of Majestic Wine PLC (LON:WINE) opened at 308.5498 on Thursday. The company has a 50 day moving average of GBX 295.26 and a 200 day moving average of GBX 385.45. The stock’s market cap is GBX 218.31 million. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00.
About Majestic Wine PLC
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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