Majestic Wine PLC (LON:MJW) had its target price cut by Liberum Capital from GBX 505 ($6.59) to GBX 415 ($5.42) in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective indicates a potential downside of 1.31% from the company’s previous close.

Other analysts have also issued research reports about the stock. Investec lowered their price objective on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a research note on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 540 ($7.05) price objective on shares of Majestic Wine PLC in a research note on Thursday, September 1st.

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

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Majestic Wine PLC Company Profile

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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