Majestic Wine PLC (LON:MJW) had its price objective decreased by equities research analysts at Canaccord Genuity from GBX 350 ($4.57) to GBX 290 ($3.79) in a research report issued on Thursday, StockTargetPrices.com reports. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price target would indicate a potential downside of 31.03% from the company’s previous close.
Several other analysts also recently commented on MJW. Liberum Capital reduced their price objective on shares of Majestic Wine PLC from GBX 505 ($6.59) to GBX 415 ($5.42) and set a “buy” rating for the company in a research report on Wednesday, September 21st. Peel Hunt reissued a “buy” rating and issued a GBX 540 ($7.05) price target on shares of Majestic Wine PLC in a research report on Monday, June 20th. Finally, Investec reduced their price target on shares of Majestic Wine PLC from GBX 510 ($6.66) to GBX 450 ($5.87) and set a “buy” rating for the company in a research report on Wednesday, September 21st.
Shares of Majestic Wine PLC (LON:MJW) opened at 420.50 on Thursday. The stock has a 50 day moving average of GBX 368.83 and a 200-day moving average of GBX 362.48. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month 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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