Majestic Wine PLC (WINE) Stock Rating Reaffirmed by Liberum Capital

Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reiterated by Liberum Capital in a research note issued on Monday. They presently have a GBX 500 ($6.58) price objective on the stock. Liberum Capital’s price objective would suggest a potential upside of 35.14% from the stock’s current price.

Separately, Peel Hunt raised Majestic Wine PLC to a “hold” rating and raised their target price for the stock from GBX 300 ($3.95) to GBX 380 ($5.00) in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 391.20 ($5.15).

Majestic Wine PLC (LON WINE) opened at GBX 370 ($4.87) on Monday. Majestic Wine PLC has a 12-month low of GBX 277.72 ($3.65) and a 12-month high of GBX 400.75 ($5.27).

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In related news, insider James Crawford acquired 3,500 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of GBX 314 ($4.13) per share, with a total value of £10,990 ($14,454.82).

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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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