A number of research firms have changed their ratings and price targets for Majestic Wine PLC (LON: WINE):

  • 11/13/2017 – Majestic Wine PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 500 ($6.58) price target on the stock.
  • 11/13/2017 – Majestic Wine PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 500 ($6.58) price target on the stock.
  • 11/2/2017 – Majestic Wine PLC was upgraded by analysts at Peel Hunt to a “hold” rating. They now have a GBX 380 ($5.00) price target on the stock, up previously from GBX 300 ($3.95).
  • 11/2/2017 – Majestic Wine PLC was upgraded by analysts at Peel Hunt to a “hold” rating. They now have a GBX 380 ($5.00) price target on the stock, up previously from GBX 300 ($3.95).

Shares of Majestic Wine PLC (LON WINE) opened at GBX 380.75 ($5.01) on Wednesday. Majestic Wine PLC has a 12-month low of GBX 280 ($3.68) and a 12-month high of GBX 400.75 ($5.27).

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

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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