Majestic Wine PLC (MJW) Downgraded by Peel Hunt to “Hold”
Peel Hunt cut shares of Majestic Wine PLC (LON:MJW) to a hold rating in a report published on Thursday. Peel Hunt currently has GBX 300 ($3.75) price target on the stock, down from their prior price target of GBX 440 ($5.50).
MJW has been the topic of a number of other research reports. Investec dropped 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 report on Wednesday, September 21st. Liberum Capital decreased their target price 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 report on Monday, November 7th. Finally, Canaccord Genuity decreased their target price 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 report on Thursday, September 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 346 ($4.32).
Shares of Majestic Wine PLC (LON:MJW) traded down 0.94% on Thursday, reaching GBX 420.50. The company had a trading volume of 392,409 shares. The company’s 50-day moving average price is GBX 368.83 and its 200 day moving average price is GBX 362.48. Majestic Wine PLC has a 52 week low of GBX 273.25 and a 52 week high of GBX 485.00.
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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