Ian Harding Buys 2,000 Shares of Majestic Wine PLC (WINE) Stock
Majestic Wine PLC (LON:WINE) insider Ian Harding bought 2,000 shares of the company’s stock in a transaction dated 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).
Shares of Majestic Wine PLC (LON:WINE) opened at 287.50 on Tuesday. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00. The firm’s market cap is GBX 203.41 million. The stock’s 50 day moving average is GBX 293.99 and its 200 day moving average is GBX 382.75.
The company also recently announced a dividend, which will be paid on Friday, December 23rd. Investors of record on Thursday, November 24th will be given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a yield of 0.47%.
A number of research firms have recently commented on WINE. Investec reissued a “buy” rating and issued a GBX 450 ($5.62) target price on shares of Majestic Wine PLC in a report on Thursday, November 17th. Peel Hunt lowered shares of Majestic Wine PLC to a “hold” rating and dropped their price objective for the company from GBX 440 ($5.50) to GBX 300 ($3.75) in a report on Thursday, November 17th. Panmure Gordon reiterated a “hold” rating and issued a GBX 320 ($4.00) price objective on shares of Majestic Wine PLC in a report on Thursday, November 17th. Canaccord Genuity decreased 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 decreased 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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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