Majestic Wine PLC (WINE) Upgraded to Buy at Peel Hunt
Peel Hunt upgraded shares of Majestic Wine PLC (LON:WINE) to a buy rating in a research note issued to investors on Thursday. Peel Hunt currently has GBX 450 ($5.92) price target on the stock, up from their previous price target of GBX 380 ($5.00).
Separately, Liberum Capital reaffirmed a buy rating and set a GBX 500 ($6.58) price objective on shares of Majestic Wine PLC in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 405.20 ($5.33).
Majestic Wine PLC (WINE) traded up GBX 21.25 ($0.28) on Thursday, hitting GBX 446.75 ($5.88). The stock had a trading volume of 313,906 shares, compared to its average volume of 187,320. Majestic Wine PLC has a 52 week low of GBX 280.25 ($3.69) and a 52 week high of GBX 427.25 ($5.62).
Majestic Wine PLC (LON:WINE) last released its earnings results on Thursday, November 23rd. The company reported GBX 7.90 ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 7.10 ($0.09) by GBX 0.80 ($0.01). Majestic Wine PLC had a return on equity of 2.22% and a net margin of 0.50%. The company had revenue of £217.36 million during the quarter.
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In other Majestic Wine PLC news, insider James Crawford bought 3,500 shares of Majestic Wine PLC stock in a transaction on Thursday, September 14th. The stock was acquired at an average price of GBX 314 ($4.13) per share, with a total value of £10,990 ($14,454.82).
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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