Panmure Gordon Reiterates Hold Rating for Majestic Wine PLC (WINE)
Majestic Wine PLC (LON:WINE)‘s stock had its “hold” rating reiterated by equities researchers at Panmure Gordon in a report released on Thursday. They currently have a GBX 320 ($4.00) price objective on the stock. Panmure Gordon’s price target would suggest a potential upside of 5.26% from the stock’s previous close.
A number of other brokerages have also recently commented on WINE. Investec reiterated a “buy” rating and issued a GBX 450 ($5.62) target price on shares of Majestic Wine PLC in a research report on Thursday. Peel Hunt cut shares of Majestic Wine PLC to a “hold” rating and reduced their target price for the company from GBX 440 ($5.50) to GBX 300 ($3.75) in a research report on Thursday. Canaccord Genuity reduced their target price 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 research report on Thursday, September 29th. Finally, Liberum Capital reduced 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 report on Wednesday, September 21st. One research 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. Majestic Wine PLC presently has a consensus rating of “Hold” and an average price target of GBX 348 ($4.35).
Shares of Majestic Wine PLC (LON:WINE) opened at 296.00 on Thursday. The firm has a 50-day moving average of GBX 294.54 and a 200 day moving average of GBX 384.05. The stock’s market capitalization is GBX 209.43 million. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00.
The company also recently disclosed a dividend, which will be paid on Friday, December 23rd. Investors 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 that occurred on Thursday, November 17th. The stock was purchased at an average cost 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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