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.

Analyst Recommendations for Majestic Wine PLC (LON:MJW)

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