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.
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