Majestic Wine PLC (LON:MJW) had its price target cut by equities researchers at Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential downside of 4.88% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Liberum Capital decreased their price objective on Majestic Wine PLC from GBX 525 ($6.85) to GBX 505 ($6.59) and set a “buy” rating for the company in a research note on Tuesday, July 5th. Investec decreased their price objective on 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 firm 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 12 month low of GBX 273.25 and a 12 month high of GBX 485.00.

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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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