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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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