Majestic Wine PLC (LON:WINE) had its price target cut by Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s target price points to a potential upside of 19.40% from the stock’s current price.

Separately, Liberum Capital increased their price objective on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research report on Monday, June 20th.

Shares of Majestic Wine PLC (LON:WINE) opened at 335.00 on Wednesday. The company’s market capitalization is GBX 237.02 million. The firm’s 50-day moving average price is GBX 415.28 and its 200 day moving average price is GBX 421.77. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00.

About Majestic Wine PLC

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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