Majestic Wine PLC (WINE) Given Buy Rating at Peel Hunt
Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reissued by Peel Hunt in a research report issued to clients and investors on Tuesday. They presently have a GBX 440 ($5.74) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 42.16% from the company’s current price.
Several other brokerages also recently issued reports on WINE. Liberum Capital upped their price target on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “buy” rating in a research note on Monday, June 20th. Canaccord Genuity lowered their price target on 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 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 research note on Wednesday, September 21st.
Majestic Wine PLC (LON:WINE) traded down 0.9600% during mid-day trading on Tuesday, reaching GBX 310.9939. 450,106 shares of the company traded hands. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00. The stock has a 50-day moving average of GBX 387.36 and a 200 day moving average of GBX 413.15. The stock’s market capitalization is GBX 220.11 billion.
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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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