Majestic Wine PLC (LON:MJW) had its price objective decreased by investment analysts at Investec from GBX 510 ($6.66) to GBX 450 ($5.87) in a report released on Wednesday, reports. The brokerage presently has a “buy” rating on the stock. Investec’s target price points to a potential upside of 7.02% from the stock’s previous close.

MJW has been the topic of a number of other reports. Peel Hunt reissued a “buy” rating and set a GBX 540 ($7.05) target price on shares of Majestic Wine PLC in a report on Monday, June 20th. Liberum Capital boosted their target price on shares of Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock a “buy” rating in a report on Monday, June 20th.

Majestic Wine PLC (LON:MJW) opened at 420.50 on Wednesday. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00. The company has a 50-day moving average of GBX 368.83 and a 200-day moving average of GBX 362.48.

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About Majestic Wine PLC

Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.

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