Investec Downgrades Majestic Wine PLC to Add (MJW)
Majestic Wine PLC (LON:MJW) was downgraded by equities research analysts at Investec to an “add” rating in a research note issued to investors on Monday. They currently have a GBX 460 ($7.81) price target on the stock. Investec’s target price indicates a potential upside of 5.40% from the stock’s previous close.
Majestic Wine PLC (LON:MJW) traded down 3.75% on Monday, hitting GBX 417.25. The stock had a trading volume of 127,147 shares. Majestic Wine PLC has a 1-year low of GBX 380.25 and a 1-year high of GBX 590.00. The stock has a 50-day moving average of GBX 459.8 and a 200-day moving average of GBX 488.6.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Majestic Wine PLC in a research note on Monday, March 31st. They now have a GBX 470 ($7.98) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Majestic Wine PLC in a research note on Monday, March 31st. They now have a GBX 470 ($7.98) price target on the stock. Finally, analysts at Panmure Gordon cut their price target on shares of Majestic Wine PLC from GBX 635 ($10.78) to GBX 550 ($9.34) in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 476.88 ($8.09).
Majestic Wine PLC is a United Kingdom-based holding company. The company is engaged in the business of retailing of wines, beers and spirits.
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