Brokerages Set Majestic Wine PLC (WINE) PT at $375.20

Shares of Majestic Wine PLC (LON:WINE) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 375.20 ($4.85).

A number of analysts recently weighed in on the stock. Peel Hunt reiterated a “hold” rating on shares of Majestic Wine PLC in a research report on Friday, June 9th. Investec reiterated a “buy” rating and issued a GBX 450 ($5.81) price target on shares of Majestic Wine PLC in a research report on Friday, May 26th. Liberum Capital increased their price target on shares of Majestic Wine PLC from GBX 465 ($6.01) to GBX 500 ($6.46) and gave the company a “buy” rating in a research report on Thursday, June 15th. Finally, Shore Capital downgraded shares of Majestic Wine PLC to a “hold” rating in a research report on Thursday, June 15th.

In other Majestic Wine PLC news, insider James Crawford sold 6,350 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of GBX 315 ($4.07), for a total transaction of £20,002.50 ($25,833.01). Also, insider Rowan Gormley sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 346 ($4.47), for a total transaction of £173,000 ($223,427.61). Insiders have sold a total of 156,350 shares of company stock worth $55,000,250 over the last 90 days.

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Majestic Wine PLC (WINE) traded up 0.24% on Friday, hitting GBX 315.75. 52,177 shares of the stock traded hands. The company’s 50 day moving average price is GBX 320.07 and its 200-day moving average price is GBX 339.33. The stock’s market capitalization is GBX 223.47 million. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 440.25.

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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