Majestic Wine PLC Now Covered by Analysts at N+1 Singer (MJW)
Analysts at N+1 Singer initiated coverage on shares of Majestic Wine PLC (LON:MJW) in a research report issued to clients and investors on Thursday, Analyst RN reports. The firm set a “buy” rating and a GBX 590 ($9.47) price target on the stock. N+1 Singer’s price objective would indicate a potential upside of 9.55% from the company’s current price.
Majestic Wine PLC (LON:MJW) traded up 0.95% on Thursday, hitting GBX 538.5857. The stock had a trading volume of 89,662 shares. Majestic Wine PLC has a 52-week low of GBX 397.00 and a 52-week high of GBX 551.00. The stock has a 50-day moving average of GBX 509.7 and a 200-day moving average of GBX 461.4.
Majestic Wine Warehouses, which is a United Kingdom-based wine retailer; Lay & Wheeler, which is a specialist in the wine market, and Majestic in France operates retail units in northern France servicing the United Kingdom cross-channel market.
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