Majestic Wine PLC (WINE) Given Average Rating of “Hold” by Analysts
Majestic Wine PLC (LON:WINE) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 375.20 ($4.85).
Several brokerages recently issued reports on WINE. Investec reiterated a “buy” rating and issued a GBX 450 ($5.81) target price on shares of Majestic Wine PLC in a research report on Thursday, June 15th. Peel Hunt lowered shares of Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.87) target price for the company. in a research report on Thursday, June 15th. Liberum Capital upped their target price on shares of Majestic Wine PLC from GBX 465 ($6.01) to GBX 500 ($6.46) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Finally, Shore Capital lowered shares of Majestic Wine PLC to a “hold” rating in a research report on Thursday, June 15th.
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In other news, insider Brian Gregory Hodder acquired 3,600 shares of the stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average cost of GBX 331 ($4.27) per share, with a total value of £11,916 ($15,389.38). Also, insider Rowan Gormley sold 100,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of GBX 357 ($4.61), for a total transaction of £357,000 ($461,061.60). Over the last 90 days, insiders have sold 156,350 shares of company stock valued at $55,000,250.
Shares of Majestic Wine PLC (LON WINE) opened at 311.25 on Friday. The firm’s market cap is GBX 220.28 million. The firm has a 50 day moving average price of GBX 320.60 and a 200-day moving average price of GBX 339.60. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 440.25.
Majestic Wine PLC Company Profile
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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