N+1 Singer Reiterates Buy Rating for Majestic Wine PLC (MJW)
Majestic Wine PLC (LON:MJW)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a research report issued on Monday, AnalystRatings.NET reports. They currently have a GBX 590 ($9.72) price target on the stock. N+1 Singer’s price objective would suggest a potential upside of 20.41% from the stock’s previous close.
MJW has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Majestic Wine PLC in a research note to investors on Wednesday, January 8th. They now have a GBX 635 ($10.46) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Majestic Wine PLC in a research note to investors on Wednesday, January 8th. They now have a GBX 590 ($9.72) price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Majestic Wine PLC to a “hold” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 505 ($8.32) price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 560.71 ($9.24).
Majestic Wine PLC (LON:MJW) traded up 0.26% during mid-day trading on Monday, hitting GBX 490.00. 59,138 shares of the company’s stock traded hands. Majestic Wine PLC has a one year low of GBX 397.00 and a one year high of GBX 590.00. The stock’s 50-day moving average is GBX 529.5 and its 200-day moving average is GBX 526.0.
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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