Shares of Majestic Wine PLC (LON:MJW) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 386 ($5.09).

Separately, Peel Hunt upgraded shares of Majestic Wine PLC to a “hold” rating and increased their price objective for the company from GBX 300 ($3.96) to GBX 380 ($5.01) in a report on Thursday.

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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:MJW)

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