Majestic Wine PLC (LON:WINE) had its price target reduced by Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential downside of 7.73% from the company’s current price.

Separately, Liberum Capital raised their target price on shares of Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock 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 stock’s market cap is GBX 225.94 million. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 485.00. The firm’s 50-day moving average price is GBX 418.67 and its 200-day moving average price is GBX 423.23.

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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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