Majestic Wine PLC (WINE) Given Consensus Recommendation of “Hold” by Analysts
Majestic Wine PLC (LON:WINE) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 375.20 ($4.87).
Several research firms recently weighed in on WINE. Peel Hunt downgraded Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.89) target price on the stock. in a research report on Thursday, June 15th. Liberum Capital reiterated a “buy” rating and set a GBX 465 ($6.04) target price (up from GBX 380 ($4.93)) on shares of Majestic Wine PLC in a research report on Wednesday, April 19th. Investec reiterated a “buy” rating and set a GBX 450 ($5.84) target price on shares of Majestic Wine PLC in a research report on Friday, May 26th. Shore Capital downgraded Majestic Wine PLC to a “hold” rating in a research report on Thursday, June 15th. Finally, Canaccord Genuity lifted their target price on Majestic Wine PLC from GBX 290 ($3.76) to GBX 306 ($3.97) and gave the company 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 firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of GBX 357 ($4.63), for a total transaction of £357,000 ($463,455.80). Also, insider Brian Gregory Hodder purchased 3,600 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were acquired at an average cost of GBX 331 ($4.30) per share, for a total transaction of £11,916 ($15,469.30). Over the last three months, insiders have sold 156,350 shares of company stock worth $55,000,250.
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Shares of Majestic Wine PLC (LON:WINE) opened at 333.75 on Tuesday. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 440.25. The company has a 50-day moving average price of GBX 320.49 and a 200 day moving average price of GBX 343.85. The firm’s market capitalization is GBX 236.21 million.
The firm also recently declared a dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, June 22nd were issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date was Thursday, June 22nd. This is a boost from Majestic Wine PLC’s previous dividend of $1.50. This represents a yield of 1.03%.
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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