Majestic Wine PLC (LON:MJW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Majestic Wine PLC (LON:MJW) have received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 370 ($4.82).

Several brokerages have recently weighed in on MJW. Liberum Capital increased their target price on shares of Majestic Wine PLC from GBX 465 ($6.06) to GBX 500 ($6.51) and gave the stock a “buy” rating in a research note on Thursday, June 15th. Shore Capital downgraded shares of Majestic Wine PLC to a “hold” rating in a research note on Thursday, June 15th. Finally, Peel Hunt downgraded shares of Majestic Wine PLC to a “sell” rating and set a GBX 300 ($3.91) target price for the company. in a research note on Thursday, June 15th.

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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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