Majestic Wine PLC (WINE) Given Sell Rating at Canaccord Genuity
Canaccord Genuity restated their sell rating on shares of Majestic Wine PLC (LON:WINE) in a research report report published on Thursday morning. They currently have a GBX 306 ($4.02) target price on the stock.
Several other equities analysts have also issued reports on WINE. Peel Hunt upgraded shares of Majestic Wine PLC to a hold rating and boosted their target price for the company from GBX 300 ($3.95) to GBX 380 ($5.00) in a report on Thursday, November 2nd. Liberum Capital reiterated a buy rating and set a GBX 500 ($6.58) price objective on shares of Majestic Wine PLC in a report on Monday, November 13th. Finally, Shore Capital reiterated a buy rating on shares of Majestic Wine PLC in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 405.20 ($5.33).
Shares of Majestic Wine PLC (LON:WINE) traded up GBX 17.75 ($0.23) during trading on Thursday, hitting GBX 443.25 ($5.83). 257,908 shares of the company traded hands, compared to its average volume of 187,320. Majestic Wine PLC has a one year low of GBX 280.25 ($3.69) and a one year high of GBX 427.25 ($5.62).
Majestic Wine PLC (LON:WINE) last issued its quarterly earnings data on Thursday, November 23rd. The company reported GBX 7.90 ($0.10) earnings per share for the quarter, topping the consensus estimate of GBX 7.10 ($0.09) by GBX 0.80 ($0.01). Majestic Wine PLC had a net margin of 0.50% and a return on equity of 2.22%. The company had revenue of £217.36 million for the quarter.
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In other Majestic Wine PLC news, insider James Crawford purchased 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of GBX 314 ($4.13) per share, for a total transaction of £10,990 ($14,454.82).
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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