Majestic Wine PLC’s (MJW) Buy Rating Reaffirmed at Investec

Investec reaffirmed their buy rating on shares of Majestic Wine PLC (LON:MJW) in a report published on Tuesday. The brokerage currently has a GBX 450 ($5.47) price objective on the stock.

A number of other brokerages have also commented on MJW. Peel Hunt reiterated a hold rating and issued a GBX 300 ($3.65) price objective on shares of Majestic Wine PLC in a research report on Tuesday, December 13th. Canaccord Genuity reiterated a sell rating and issued a GBX 290 ($3.53) price objective on shares of Majestic Wine PLC in a research report on Wednesday, October 5th. Liberum Capital lowered their price objective on Majestic Wine PLC from GBX 505 ($6.14) to GBX 415 ($5.05) and set a buy rating for the company in a research report on Wednesday, September 21st. Finally, Panmure Gordon reiterated a hold rating and issued a GBX 320 ($3.89) price objective on shares of Majestic Wine PLC in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Majestic Wine PLC presently has an average rating of Hold and an average target price of GBX 346 ($4.21).

Majestic Wine PLC (LON:MJW) traded down 0.94% during mid-day trading on Tuesday, hitting GBX 420.50. 392,409 shares of the stock were exchanged. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 485.00. The firm has a 50-day moving average price of GBX 368.83 and a 200-day moving average price of GBX 362.48.

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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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