Canaccord Genuity Lowers Majestic Wine PLC (MJW) Price Target to GBX 280
Majestic Wine PLC (LON:MJW) had its price target cut by equities research analysts at Canaccord Genuity from GBX 290 ($3.62) to GBX 280 ($3.50) in a research note issued on Friday. The firm presently has a “sell” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 33.41% from the company’s previous close.
MJW has been the topic of several other reports. Investec reduced their price objective on 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. Peel Hunt cut Majestic Wine PLC to a “hold” rating and reduced their price objective for the company from GBX 440 ($5.50) to GBX 300 ($3.75) in a research note on Thursday. Liberum Capital cut their price target on 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. Finally, Panmure Gordon restated a “hold” rating and issued a GBX 320 ($4.00) price target on shares of Majestic Wine PLC in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Majestic Wine PLC currently has an average rating of “Hold” and an average target price of GBX 346 ($4.32).
Majestic Wine PLC (LON:MJW) opened at 420.50 on Friday. Majestic Wine PLC has a one year low of GBX 273.25 and a one year 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.
Majestic Wine PLC Company Profile
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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