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).
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.
Receive News & Ratings for Majestic Wine PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Majestic Wine PLC and related companies with MarketBeat.com's FREE daily email newsletter.