Majestic Wine PLC (WINE) Receives Sell Rating from Canaccord Genuity
Canaccord Genuity reissued their sell rating on shares of Majestic Wine PLC (LON:WINE) in a research note published on Thursday. The brokerage currently has a GBX 290 ($3.62) price target on the stock.
Several other equities research analysts have also recently issued reports on WINE. Peel Hunt reiterated a buy rating and set a GBX 540 ($6.75) price objective on shares of Majestic Wine PLC in a research report on Thursday, September 1st. Investec reduced their price objective 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 report on Wednesday, September 21st. Finally, Liberum Capital reduced their price objective on shares of Majestic Wine PLC from GBX 505 ($6.31) to GBX 415 ($5.18) and set a buy rating on the stock in a research report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 348 ($4.35).
Shares of Majestic Wine PLC (LON:WINE) traded down 3.80% during midday trading on Thursday, hitting GBX 304.00. 579,333 shares of the stock were exchanged. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The company’s market capitalization is GBX 215.09 million. The firm has a 50-day moving average of GBX 295.23 and a 200-day moving average of GBX 384.97.
The company also recently disclosed a dividend, which will be paid on Friday, December 23rd. Shareholders of record on Thursday, November 24th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.47%. The ex-dividend date of this dividend is Thursday, November 24th.
In other news, insider Ian Harding acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were acquired at an average price of GBX 304 ($3.80) per share, for a total transaction of £6,080 ($7,596.20).
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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