Majestic Wine PLC (WINE) to Issue Dividend of GBX 1.50 on December 23rd
Majestic Wine PLC (LON:WINE) announced a dividend on Thursday, November 17th. Shareholders of record on Thursday, November 24th will be given a dividend of GBX 1.50 ($0.02) per share on Friday, December 23rd. This represents a yield of 0.47%. The ex-dividend date is Thursday, November 24th. The official announcement can be viewed at this link.
Shares of Majestic Wine PLC (LON:WINE) opened at 304.00 on Friday. The firm’s 50-day moving average is GBX 294.54 and its 200-day moving average is GBX 384.05. The company’s market capitalization is GBX 215.09 million. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00.
In other Majestic Wine PLC news, insider Ian Harding acquired 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average cost of GBX 304 ($3.80) per share, with a total value of £6,080 ($7,596.20).
Several research firms have commented on WINE. Investec reaffirmed a “buy” rating and set a GBX 450 ($5.62) price objective on shares of Majestic Wine PLC in a research note on Thursday. Peel Hunt dropped their price objective 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 research note on Wednesday, September 21st. Panmure Gordon reissued a “hold” rating and set a GBX 320 ($4.00) target price on shares of Majestic Wine PLC in a research note on Thursday. Canaccord Genuity reissued a “sell” rating and set a GBX 290 ($3.62) target price on shares of Majestic Wine PLC in a research note on Thursday. Finally, Liberum Capital lowered their target price 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 research note on Wednesday, September 21st. One investment 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 currently has a consensus rating of “Hold” and a consensus price target of GBX 348 ($4.35).
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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