Majestic Wine PLC (WINE) Receives Consensus Rating of “Buy” from Analysts
Majestic Wine PLC (LON:WINE) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 405.20 ($5.45).
Several analysts have recently commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 450 ($6.06) target price on shares of Majestic Wine in a research note on Tuesday, December 5th. Investec restated a “buy” rating and issued a GBX 450 ($6.06) target price on shares of Majestic Wine in a research note on Thursday, November 23rd. Canaccord Genuity restated a “sell” rating and issued a GBX 306 ($4.12) target price on shares of Majestic Wine in a research note on Thursday, November 23rd. Shore Capital restated a “buy” rating on shares of Majestic Wine in a research note on Thursday, November 23rd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 500 ($6.73) target price on shares of Majestic Wine in a research note on Thursday, November 23rd.
Shares of Majestic Wine (LON WINE) opened at GBX 446.50 ($6.01) on Friday. Majestic Wine has a 1-year low of GBX 291 ($3.92) and a 1-year high of GBX 470 ($6.33).
The company also recently announced a dividend, which will be paid on Friday, December 22nd. Stockholders of record on Thursday, November 30th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 0.44%.
Majestic Wine 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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