Majestic Wine PLC (WINE) Receives “Buy” Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Majestic Wine PLC (LON:WINE) in a report published on Monday morning. The brokerage currently has a GBX 500 ($6.58) target price on the stock.

Separately, Peel Hunt upgraded shares of Majestic Wine PLC to a hold rating and lifted their price target for the stock from GBX 300 ($3.95) to GBX 380 ($5.00) in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Majestic Wine PLC currently has an average rating of Hold and a consensus target price of GBX 391.20 ($5.15).

Shares of Majestic Wine PLC (LON:WINE) traded up GBX 13.50 ($0.18) during trading on Monday, hitting GBX 370 ($4.87). 284,663 shares of the stock were exchanged, compared to its average volume of 147,525. Majestic Wine PLC has a 52-week low of GBX 277.72 ($3.65) and a 52-week high of GBX 400.75 ($5.27).

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In other news, insider James Crawford acquired 3,500 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of GBX 314 ($4.13) per share, for a total transaction of £10,990 ($14,454.82).

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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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