Majestic Wine PLC (LON:MJW) had its target price dropped by stock analysts at Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential downside of 4.88% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Liberum Capital lowered their price target on shares of Majestic Wine PLC from GBX 505 ($6.59) to GBX 415 ($5.42) and set a “buy” rating on the stock in a report on Wednesday. Investec reduced 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.

Majestic Wine PLC (LON:MJW) opened at 420.50 on Wednesday. The company has a 50-day moving average price of GBX 368.83 and a 200-day moving average price of GBX 362.48. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/majestic-wine-plc-mjw-price-target-cut-to-gbx-400.html

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.

Stock Target Prices

Receive News & Ratings for Majestic Wine PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Majestic Wine PLC and related companies with MarketBeat.com's FREE daily email newsletter.