Majestic Wine PLC (LON:MJW) had its target price cut by equities researchers at Liberum Capital from GBX 505 ($6.59) to GBX 415 ($5.42) in a report issued on Wednesday, reports. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price suggests a potential downside of 1.31% from the stock’s current price.

MJW has been the topic of several other reports. Peel Hunt reiterated a “buy” rating and issued a GBX 540 ($7.05) target price on shares of Majestic Wine PLC in a report on Monday, June 20th. 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 report on Wednesday.

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 firm’s 50-day moving average is GBX 368.83 and its 200-day moving average is 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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