Majestic Wine PLC (LON:WINE) had its price target lowered by equities research analysts at Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 21.21% from the stock’s previous close.

Separately, Liberum Capital lifted their price objective on shares of Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a research report on Monday, June 20th.

Shares of Majestic Wine PLC (LON:WINE) traded down 23.88% during mid-day trading on Wednesday, hitting GBX 330.00. 4,224,422 shares of the company’s stock traded hands. The stock has a 50 day moving average price of GBX 416.60 and a 200-day moving average price of GBX 422.38. The stock’s market cap is GBX 233.48 million. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00.

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About Majestic Wine PLC

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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