Majestic Wine PLC (LON:WINE) had its price target lowered by Canaccord Genuity from GBX 350 ($4.57) to GBX 290 ($3.79) in a research note released on Thursday. The firm currently has a sell rating on the stock.
Several other research firms have also weighed in on WINE. Peel Hunt dropped their price target on Majestic Wine PLC from GBX 540 ($7.05) to GBX 400 ($5.22) and set a buy rating on the stock in a research report on Wednesday, September 21st. Liberum Capital lifted their price target on Majestic Wine PLC from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a buy rating in a research report on Monday, June 20th. Finally, Investec dropped their price target on 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.
Majestic Wine PLC (LON:WINE) opened at 301.00 on Thursday. The company’s market cap is GBX 212.96 million. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The stock’s 50 day moving average price is GBX 399.28 and its 200 day moving average price is GBX 416.42.
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.
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