Majestic Wine PLC (WINE) Receives “Buy” Rating from Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Majestic Wine PLC (LON:WINE) in a research report released on Tuesday morning. Peel Hunt currently has a GBX 440 ($5.74) price objective on the stock.
A number of other research analysts have also recently issued reports on WINE. Liberum Capital lifted their target price 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 note on Monday, June 20th. Investec cut their target price on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a buy rating for the company in a research note on Wednesday, September 21st. Finally, Canaccord Genuity cut their target price on shares of Majestic Wine PLC from GBX 350 ($4.57) to GBX 290 ($3.79) and set a sell rating for the company in a research note on Thursday, September 29th.
Shares of Majestic Wine PLC (LON:WINE) opened at 303.00 on Tuesday. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The company’s market capitalization is GBX 214.38 million. The stock’s 50 day moving average price is GBX 395.34 and its 200 day moving average price is GBX 415.34.
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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