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).

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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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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