Majestic Wine PLC (MJW) Earns “Buy” Rating from Liberum Capital
Liberum Capital restated their buy rating on shares of Majestic Wine PLC (LON:MJW) in a report released on Tuesday, StockTargetPrices.com reports. They currently have a GBX 380 ($4.62) price objective on the stock.
MJW has been the subject of several other reports. Investec cut their target price on Majestic Wine PLC from GBX 510 ($6.20) to GBX 450 ($5.47) and set a buy rating for the company in a research note on Wednesday, September 21st. Peel Hunt cut Majestic Wine PLC to a hold rating and cut their target price for the stock from GBX 440 ($5.35) to GBX 300 ($3.65) in a research note on Thursday, November 17th. Canaccord Genuity cut their target price on Majestic Wine PLC from GBX 350 ($4.26) to GBX 290 ($3.53) and set a sell rating for the company in a research note on Thursday, September 29th. Finally, Panmure Gordon restated a hold rating and set a GBX 320 ($3.89) target price on shares of Majestic Wine PLC in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 346 ($4.21).
Shares of Majestic Wine PLC (LON:MJW) opened at 420.50 on Tuesday. Majestic Wine PLC has a 52 week low of GBX 273.25 and a 52 week high of GBX 485.00. The company’s 50 day moving average price is GBX 368.83 and its 200-day moving average price is GBX 362.48.
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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