Majestic Wine PLC (WINE) Receives Consensus Recommendation of “Hold” from Analysts
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.
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