Majestic Wine (LON:WINE) had its price objective reduced by Liberum Capital from GBX 320 ($4.18) to GBX 310 ($4.05) in a research note published on Wednesday. They currently have a hold rating on the stock.
A number of other brokerages have also recently weighed in on WINE. Royal Bank of Canada restated an outperform rating and issued a GBX 550 ($7.19) price objective on shares of Majestic Wine in a report on Thursday, September 13th. Shore Capital restated a buy rating on shares of Majestic Wine in a report on Thursday, November 22nd. Finally, Peel Hunt cut shares of Majestic Wine to a hold rating and cut their price objective for the stock from GBX 500 ($6.53) to GBX 350 ($4.57) in a report on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Majestic Wine presently has an average rating of Hold and an average price target of GBX 379.40 ($4.96).
Shares of LON:WINE opened at GBX 269.50 ($3.52) on Wednesday. Majestic Wine has a 12 month low of GBX 305 ($3.99) and a 12 month high of GBX 485.50 ($6.34).
About Majestic Wine
Majestic Wine plc, together with its subsidiaries, engages in the retailing of wines, beers, and spirits in the United Kingdom, the United States, Australia, and France. It operates through four segments: Retail, Commercial, Lay & Wheeler, and Naked Wines. The company also provides cellarage services; and business to business wine retailing to pubs, restaurants, and events.
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