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.
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