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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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