Shares of Majestic Wine PLC (LON:WINE) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 375.20 ($4.87).

A number of brokerages recently weighed in on WINE. Investec reaffirmed a “buy” rating and issued a GBX 450 ($5.84) price target on shares of Majestic Wine PLC in a research note on Thursday, June 15th. Peel Hunt lowered shares of Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.89) price target on the stock. in a research note on Thursday, June 15th. Liberum Capital raised their price target on shares of Majestic Wine PLC from GBX 465 ($6.04) to GBX 500 ($6.49) and gave the company a “buy” rating in a research note on Thursday, June 15th. Shore Capital lowered shares of Majestic Wine PLC to a “hold” rating in a research note on Thursday, June 15th. Finally, Canaccord Genuity raised their price target on shares of Majestic Wine PLC from GBX 290 ($3.76) to GBX 306 ($3.97) and gave the company a “sell” rating in a research note on Thursday, May 11th.

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In other Majestic Wine PLC news, insider Brian Gregory Hodder acquired 3,600 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was bought at an average price of GBX 331 ($4.30) per share, for a total transaction of £11,916 ($15,469.30). Also, insider Rowan Gormley sold 100,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of GBX 357 ($4.63), for a total transaction of £357,000 ($463,455.80). In the last quarter, insiders sold 156,350 shares of company stock valued at $55,000,250.

Shares of Majestic Wine PLC (LON WINE) opened at 333.75 on Tuesday. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 440.25. The company’s market capitalization is GBX 236.21 million. The stock has a 50 day moving average price of GBX 320.49 and a 200 day moving average price of GBX 343.85.

The firm also recently disclosed a dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, June 22nd were issued a GBX 3.60 ($0.05) dividend. This is an increase from Majestic Wine PLC’s previous dividend of $1.50. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a yield of 1.03%.

Majestic Wine PLC Company Profile

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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