Majestic Wine PLC (WINE) Price Target Cut to GBX 450
Majestic Wine PLC (LON:WINE) had its price target lowered by 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 objective points to a potential upside of 36.36% from the company’s previous close.
Several other equities research analysts have also recently weighed in on WINE. Peel Hunt reiterated a “buy” rating and issued a GBX 540 ($7.05) price objective on shares of Majestic Wine PLC in a report on Monday, June 20th. Liberum Capital increased their price objective on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the stock a “buy” rating in a report on Monday, June 20th.
Shares of Majestic Wine PLC (LON:WINE) traded down 23.88% during midday trading on Wednesday, reaching GBX 330.00. The company had a trading volume of 4,224,422 shares. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00. The company’s market capitalization is GBX 233.48 million. The company has a 50-day moving average price of GBX 416.60 and a 200 day moving average price of GBX 422.38.
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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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