Majestic Wine PLC (LON:MJW) had its target price lowered by Peel Hunt from GBX 540 ($7.05) to GBX 400 ($5.22) in a report published on Wednesday, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.
Several other research analysts have also issued reports on MJW. Liberum Capital decreased their price target on shares of Majestic Wine PLC from GBX 505 ($6.59) to GBX 415 ($5.42) and set a buy rating on the stock in a research report on Wednesday, September 21st. Investec decreased their price target on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a buy rating on the stock in a research report on Wednesday, September 21st.
Shares of Majestic Wine PLC (LON:MJW) opened at 420.50 on Wednesday. The company has a 50-day moving average price of GBX 368.83 and a 200 day moving average price of GBX 362.48. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00.
Majestic Wine PLC Company Profile
Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.
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