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).
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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.
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