Majestic Wine PLC (WINE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Majestic Wine PLC (LON:WINE) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 375.20 ($4.78).
Several equities analysts have recently issued reports on the company. Investec reiterated a “buy” rating and set a GBX 450 ($5.73) price objective on shares of Majestic Wine PLC in a research report on Thursday, June 15th. Peel Hunt downgraded Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.82) price objective for the company. in a research report on Thursday, June 15th. Liberum Capital boosted their price objective on Majestic Wine PLC from GBX 465 ($5.92) to GBX 500 ($6.37) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Shore Capital downgraded Majestic Wine PLC to a “hold” rating in a research report on Thursday, June 15th. Finally, Canaccord Genuity upped their target price on Majestic Wine PLC from GBX 290 ($3.69) to GBX 306 ($3.90) and gave the stock a “sell” rating in a research report on Thursday, May 11th.
In other Majestic Wine PLC news, insider Rowan Gormley sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of GBX 357 ($4.55), for a total value of £357,000 ($454,835.01). Also, insider James Crawford sold 25,294 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of GBX 372 ($4.74), for a total value of £94,093.68 ($119,879.83). Insiders sold 175,294 shares of company stock valued at $62,409,368 over the last 90 days.
Shares of Majestic Wine PLC (WINE) opened at 324.25 on Monday. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 445.00. The firm’s market capitalization is GBX 213.53 million. The firm’s 50-day moving average price is GBX 368.45 and its 200-day moving average price is GBX 343.36.
The company also recently announced a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 22nd will be given a GBX 3.60 ($0.05) dividend. This represents a yield of 1.03%. This is an increase from Majestic Wine PLC’s previous dividend of $1.50. The ex-dividend date is Thursday, June 22nd.
About Majestic Wine PLC
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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