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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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