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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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