Liberum Capital Reaffirms “Buy” Rating for Majestic Wine PLC (WINE)

Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating reiterated by Liberum Capital in a report released on Monday. They currently have a GBX 500 ($6.58) target price on the stock. Liberum Capital’s price target indicates a potential upside of 35.14% from the company’s previous close.

Separately, Peel Hunt upgraded Majestic Wine PLC to a “hold” rating and increased their price objective for the stock from GBX 300 ($3.95) to GBX 380 ($5.00) in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 391.20 ($5.15).

Shares of Majestic Wine PLC (LON WINE) opened at GBX 370 ($4.87) on Monday. Majestic Wine PLC has a fifty-two week low of GBX 274.50 ($3.61) and a fifty-two week high of GBX 400.75 ($5.27).

TRADEMARK VIOLATION WARNING: This piece was first published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/11/13/liberum-capital-reaffirms-buy-rating-for-majestic-wine-plc-wine.html.

In other news, insider James Crawford purchased 3,500 shares of the stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of GBX 314 ($4.13) per share, for a total transaction of £10,990 ($14,454.82).

About Majestic Wine PLC

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)

Receive News & Ratings for Majestic Wine PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Majestic Wine PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply