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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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