Majestic Wine PLC Now Covered by Nplus1 Brewin (MJW)
Analysts at Nplus1 Brewin began coverage on shares of Majestic Wine PLC (LON:MJW) in a research report issued to clients and investors on Thursday, American Banking News.com reports. The firm set a “buy” rating and a GBX 590 ($9.47) price target on the stock. Nplus1 Brewin’s price target suggests a potential upside of 10.59% from the stock’s previous close.
Separately, analysts at N+1 Singer initiated coverage on shares of Majestic Wine PLC in a research note to investors on Thursday. They set a “buy” rating and a GBX 590 ($9.47) price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 521.67 ($8.37).
Majestic Wine PLC (LON:MJW) opened at 535.00 on Thursday. 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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