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.
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