Peel Hunt upgraded shares of Majestic Wine PLC (LON:MJW) to a hold rating in a research note issued to investors on Thursday morning, StockTargetPrices.com reports. Peel Hunt currently has GBX 380 ($5.01) target price on the stock, up from their prior target price of GBX 300 ($3.96).

Majestic Wine PLC (LON:MJW) opened at GBX 374.92 ($4.95) on Thursday. Majestic Wine PLC has a 1 year low of GBX 273.25 ($3.61) and a 1 year high of GBX 400.75 ($5.29).

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About Majestic Wine PLC

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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Analyst Recommendations for Majestic Wine PLC (LON:MJW)

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