Majestic Wine PLC (LON:WINE) had its target price lowered by stock analysts at Investec from GBX 510 ($6.66) to GBX 450 ($5.87) in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Investec’s price target indicates a potential upside of 3.81% from the stock’s previous close.

Several other brokerages have also issued reports on WINE. Peel Hunt dropped their price target on Majestic Wine PLC from GBX 540 ($7.05) to GBX 400 ($5.22) and set a “buy” rating on the stock in a research note on Wednesday. Liberum Capital boosted their price target on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a research note on Monday, June 20th.

Shares of Majestic Wine PLC (LON:WINE) opened at 319.3374 on Wednesday. The firm’s 50-day moving average price is GBX 418.67 and its 200 day moving average price is GBX 423.23. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00. The firm’s market cap is GBX 225.94 million.

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Majestic Wine PLC Company Profile

Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.

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