Stocks: Majestic Wine PLC (WINE) Price Target Raised to GBX 306 at Canaccord Genuity

Stocks: Majestic Wine PLC (WINE) Price Target Raised to GBX 306 at Canaccord Genuity

Majestic Wine PLC (LON:WINE) had its target price lifted by Canaccord Genuity from GBX 290 ($3.75) to GBX 306 ($3.96) in a research note published on Thursday morning. Canaccord Genuity currently has a sell rating on the stock.

WINE has been the subject of several other reports. Liberum Capital restated a buy rating and set a GBX 380 ($4.91) price target on shares of Majestic Wine PLC in a research note on Tuesday, January 31st. Peel Hunt restated a hold rating and set a GBX 300 ($3.88) price target on shares of Majestic Wine PLC in a research note on Monday, March 27th. Finally, Shore Capital restated a buy rating on shares of Majestic Wine PLC in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 368.20 ($4.76).

Shares of Majestic Wine PLC (LON:WINE) traded up 2.78% during mid-day trading on Thursday, hitting GBX 370.00. The company had a trading volume of 253,495 shares. The firm has a 50-day moving average of GBX 355.38 and a 200-day moving average of GBX 327.86. The company’s market cap is GBX 243.62 million. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00.

In other Majestic Wine PLC news, insider James Crawford sold 25,294 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of GBX 372 ($4.81), for a total transaction of £94,093.68 ($121,693.84).

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.

Related posts

Leave a Comment