Majestic Wine PLC (MJW) Earns “Sell” Rating from Canaccord Genuity
Majestic Wine PLC (LON:MJW)‘s stock had its “sell” rating restated by equities research analysts at Canaccord Genuity in a research report issued on Wednesday, StockTargetPrices.com reports. They presently have a GBX 290 ($3.79) price objective on the stock. Canaccord Genuity’s price target indicates a potential downside of 31.03% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Peel Hunt reissued a “buy” rating and issued a GBX 440 ($5.74) price target on shares of Majestic Wine PLC in a report on Tuesday. Liberum Capital cut their price target on Majestic Wine PLC from GBX 505 ($6.59) to GBX 415 ($5.42) and set a “buy” rating for the company in a report on Wednesday, September 21st. Finally, Investec cut their price target on Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a report on Wednesday, September 21st.
Majestic Wine PLC (LON:MJW) traded down 0.94% during midday trading on Wednesday, reaching GBX 420.50. The company’s stock had a trading volume of 392,409 shares. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The company has a 50 day moving average of GBX 368.83 and a 200-day moving average of GBX 362.48.
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About Majestic Wine PLC
Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.
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