Majestic Wine PLC (WINE) Receives GBX 391.20 Average Target Price from Brokerages
Shares of Majestic Wine PLC (LON:WINE) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 391.20 ($5.16).
Separately, Peel Hunt raised shares of Majestic Wine PLC to a “hold” rating and boosted their price objective for the company from GBX 300 ($3.96) to GBX 380 ($5.01) in a research note on Thursday.
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In related news, insider James Crawford bought 3,500 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of GBX 314 ($4.14) per share, for a total transaction of £10,990 ($14,502.51).
Majestic Wine PLC (WINE) traded up GBX 5.25 ($0.07) during midday trading on Thursday, reaching GBX 377.75 ($4.98). 361,546 shares of the company were exchanged, compared to its average volume of 106,517. Majestic Wine PLC has a 1-year low of GBX 273.25 ($3.61) and a 1-year high of GBX 400.75 ($5.29).
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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