Majestic Wine PLC (MJW) Given “Buy” Rating at Liberum Capital

Liberum Capital restated their buy rating on shares of Majestic Wine PLC (LON:MJW) in a report released on Monday. They currently have a GBX 500 ($6.58) price objective on the stock.

Separately, Peel Hunt raised shares of Majestic Wine PLC to a hold rating and boosted their target price for the stock from GBX 300 ($3.95) to GBX 380 ($5.00) in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 386 ($5.08).

Shares of Majestic Wine PLC (MJW) traded up GBX 10 ($0.13) during trading on Monday, hitting GBX 366.50 ($4.82). 284,663 shares of the stock were exchanged, compared to its average volume of 152,582. Majestic Wine PLC has a twelve month low of GBX 280 ($3.68) and a twelve month high of GBX 400.75 ($5.27).

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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:MJW)

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