Majestic Wine PLC (WINE) Rating Reiterated by Shore Capital
Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Thursday.
WINE has been the subject of a number of other research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 500 ($6.58) price target on shares of Majestic Wine PLC in a research note on Monday, November 13th. Peel Hunt upgraded shares of Majestic Wine PLC to a “buy” rating and lifted their price target for the stock from GBX 380 ($5.00) to GBX 450 ($5.92) in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 405.20 ($5.33).
Majestic Wine PLC (LON WINE) opened at GBX 450.25 ($5.92) on Thursday. Majestic Wine PLC has a 12 month low of GBX 280.25 ($3.69) and a 12 month high of GBX 427.25 ($5.62).
Majestic Wine PLC (LON:WINE) last issued its quarterly earnings results on Thursday, November 23rd. The company reported GBX 7.90 ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter.
In related news, insider James Crawford acquired 3,500 shares of Majestic Wine PLC stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price 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.
Receive News & Ratings for Majestic Wine PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Majestic Wine PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.