Majestic Wine PLC (WINE) Receives Buy Rating from Investec
A number of other equities research analysts also recently weighed in on WINE. Canaccord Genuity reissued a sell rating and set a GBX 306 ($4.02) target price on shares of Majestic Wine in a report on Thursday. Shore Capital reissued a buy rating on shares of Majestic Wine in a report on Thursday. Liberum Capital reissued a buy rating and set a GBX 500 ($6.58) target price on shares of Majestic Wine in a report on Thursday. Finally, Peel Hunt raised Majestic Wine to a buy rating and lifted their target price for the stock from GBX 380 ($5.00) to GBX 450 ($5.92) in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 405.20 ($5.33).
Shares of Majestic Wine (LON WINE) opened at GBX 446.50 ($5.87) on Thursday. Majestic Wine has a twelve month low of GBX 282.50 ($3.72) and a twelve month high of GBX 450.50 ($5.93).
Majestic Wine (LON:WINE) last announced its quarterly earnings results on Thursday, November 23rd. The company reported GBX 7.90 ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 7.10 ($0.09) by GBX 0.80 ($0.01). Majestic Wine had a return on equity of 2.22% and a net margin of 0.50%. The business had revenue of £217.36 million during the quarter.
The business also recently declared a dividend, which will be paid on Friday, December 22nd. Investors of record on Thursday, November 30th will be given a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.44%. The ex-dividend date is Thursday, November 30th.
In related news, insider James Crawford purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of GBX 314 ($4.13) per share, for a total transaction of £10,990 ($14,454.82).
About Majestic Wine
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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