Majestic Wine PLC (MJW) Given Buy Rating at Peel Hunt
Majestic Wine PLC (LON:MJW)‘s stock had its “buy” rating restated by Peel Hunt in a note issued to investors on Tuesday, StockTargetPrices.com reports. They presently have a GBX 440 ($5.74) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 4.64% from the stock’s previous close.
Several other equities analysts have also issued reports on MJW. Liberum Capital cut their price target on shares of Majestic Wine PLC from GBX 505 ($6.59) to GBX 415 ($5.42) and set a “buy” rating on the stock in a report on Wednesday, September 21st. Canaccord Genuity lowered their price objective on shares of Majestic Wine PLC from GBX 350 ($4.57) to GBX 290 ($3.79) and set a “sell” rating for the company in a research note on Thursday, September 29th. Finally, Investec lowered their price objective on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a research note on Wednesday, September 21st.
Shares of Majestic Wine PLC (LON:MJW) traded down 0.94% during midday trading on Tuesday, reaching GBX 420.50. The company’s stock had a trading volume of 392,409 shares. The stock has a 50-day moving average of GBX 368.83 and a 200 day moving average of GBX 362.48. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 485.00.
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Majestic Wine PLC Company Profile
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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