Majestic Wine PLC (WINE) Price Target Cut to GBX 400
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.
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 http://www.americanbankingnews.com/2016/09/21/majestic-wine-plc-wine-price-target-cut-to-gbx-400-2.html
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.
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 MarketBeat.com's FREE daily email newsletter.