Canaccord Genuity Reiterates “Sell” Rating for Majestic Wine PLC (MJW)
Majestic Wine PLC (LON:MJW)‘s stock had its “sell” rating reissued by analysts at Canaccord Genuity in a report issued on Wednesday, StockTargetPrices.com reports. They currently have a GBX 290 ($3.79) price objective on the stock. Canaccord Genuity’s price target would suggest a potential downside of 31.03% from the company’s previous close.
MJW has been the topic of a number of other research reports. Investec lowered their target price on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating on the stock in a research note on Wednesday, September 21st. Liberum Capital lowered their target price on shares of Majestic Wine PLC from GBX 525 ($6.85) to GBX 505 ($6.59) and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 540 ($7.05) target price on shares of Majestic Wine PLC in a research note on Monday, June 20th.
Majestic Wine PLC (LON:MJW) opened at 420.50 on Wednesday. The company’s 50 day moving average is GBX 368.83 and its 200-day moving average is GBX 362.48. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00.
About Majestic Wine PLC
Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.
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