Majestic Wine PLC (LON:WINE) had its price objective reduced by research analysts at Liberum Capital from GBX 505 ($6.59) to GBX 415 ($5.42) in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential downside of 4.27% from the stock’s current price.

WINE has been the subject of a number of other reports. Investec dropped their target price on Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 540 ($7.05) price target on shares of Majestic Wine PLC in a report on Monday, June 20th.

Shares of Majestic Wine PLC (LON:WINE) opened at 316.02499 on Wednesday. The stock’s 50 day moving average price is GBX 418.67 and its 200-day moving average price is GBX 423.23. The firm’s market capitalization is GBX 223.59 million. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00.

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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