Majestic Wine PLC (LON:WINE) had its price objective decreased by Investec from GBX 510 ($6.66) to GBX 450 ($5.87) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 34.33% from the stock’s current price.

A number of other research firms have also weighed in on WINE. Peel Hunt reissued a “buy” rating and issued a GBX 540 ($7.05) price objective on shares of Majestic Wine PLC in a research report on Monday, June 20th. Liberum Capital boosted their price objective on shares of Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a research report on Monday, June 20th.

Majestic Wine PLC (LON:WINE) opened at 335.00 on Wednesday. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00. The stock’s market cap is GBX 237.02 million. The firm has a 50-day moving average of GBX 415.28 and a 200 day moving average of GBX 421.77.

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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