Majestic Wine PLC (MJW) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Majestic Wine PLC (LON:MJW) have received an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 370 ($4.83).
A number of research analysts have recently commented on the company. Shore Capital cut Majestic Wine PLC to a “hold” rating in a research note on Thursday, June 15th. Peel Hunt cut Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.92) price target for the company. in a research note on Thursday, June 15th. Finally, Liberum Capital increased their price target on Majestic Wine PLC from GBX 465 ($6.07) to GBX 500 ($6.53) and gave the company a “buy” rating in a research note on Thursday, June 15th.
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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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