Majestic Wine PLC (WINE) Upgraded at Peel Hunt

Majestic Wine PLC (LON:WINE) was upgraded by equities research analysts at Peel Hunt to a “hold” rating in a report released on Thursday. The firm currently has a GBX 380 ($5.01) price target on the stock, up from their prior price target of GBX 300 ($3.96). Peel Hunt’s price target indicates a potential upside of 2.56% from the stock’s previous close.

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In other news, insider James Crawford acquired 3,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of GBX 314 ($4.14) per share, with a total value of £10,990 ($14,502.51).

Majestic Wine PLC Company Profile

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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