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.

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

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.

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's FREE daily email newsletter.