Majestic Wine PLC (MJW) Receives Average Recommendation of “Hold” from Analysts
Shares of Majestic Wine PLC (LON:MJW) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 370 ($4.78).
Several analysts have weighed in on MJW shares. Shore Capital downgraded shares of Majestic Wine PLC to a “hold” rating in a research report on Thursday, June 15th. Liberum Capital reissued a “buy” rating and set a GBX 465 ($6.01) target price on shares of Majestic Wine PLC in a research report on Tuesday, June 6th. Finally, Peel Hunt downgraded shares of Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.87) target price on the stock. in a research report on Thursday, June 15th.
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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