Majestic Wine PLC (WINE) PT Raised to GBX 306

Majestic Wine PLC (LON:WINE) had its price target hoisted by Canaccord Genuity from GBX 290 ($3.67) to GBX 306 ($3.87) in a research report sent to investors on Thursday, May 11th. The firm currently has a sell rating on the stock.

Several other brokerages also recently commented on WINE. Shore Capital reiterated a buy rating on shares of Majestic Wine PLC in a report on Tuesday, April 11th. Liberum Capital reiterated a buy rating and set a GBX 380 ($4.81) price target on shares of Majestic Wine PLC in a report on Tuesday, April 11th. Finally, Peel Hunt reiterated a hold rating and set a GBX 300 ($3.80) price target on shares of Majestic Wine PLC in a report on Monday, March 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Majestic Wine PLC has a consensus rating of Hold and an average target price of GBX 375.20 ($4.75).

Shares of Majestic Wine PLC (LON:WINE) opened at 337.00 on Thursday. The stock’s 50 day moving average is GBX 372.92 and its 200-day moving average is GBX 342.27. The stock’s market capitalization is GBX 221.89 million. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 477.25.

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The business also recently disclosed a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 22nd will be given a GBX 3.60 ($0.05) dividend. This represents a yield of 1.03%. This is a boost from Majestic Wine PLC’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, June 22nd.

In other Majestic Wine PLC news, insider James Crawford sold 25,294 shares of the business’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of GBX 372 ($4.71), for a total value of £94,093.68 ($119,030.59).

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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