Majestic Wine PLC (WINE) Price Target Cut to GBX 415 by Analysts at Liberum Capital
Majestic Wine PLC (LON:WINE) had its price target cut by analysts at Liberum Capital from GBX 505 ($6.59) to GBX 415 ($5.42) in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 25.76% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 540 ($7.05) target price on shares of Majestic Wine PLC in a report on Thursday, September 1st. Investec cut their target price on Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating on the stock in a report on Wednesday.
Majestic Wine PLC (LON:WINE) traded down 23.88% during trading on Wednesday, hitting GBX 330.00. 4,224,422 shares of the company traded hands. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 485.00. 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 company’s market capitalization is GBX 233.48 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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