Majestic Wine (WINE) Price Target Raised to GBX 500 at Peel Hunt

Majestic Wine (LON:WINE) had its price objective lifted by equities researchers at Peel Hunt from GBX 450 ($6.10) to GBX 500 ($6.78) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 8.93% from the stock’s current price.

Several other analysts have also weighed in on the company. Shore Capital reissued a “buy” rating on shares of Majestic Wine in a report on Thursday, November 23rd. Liberum Capital reiterated a “buy” rating and set a GBX 500 ($6.78) price objective on shares of Majestic Wine in a research report on Thursday, November 23rd. Investec reissued a “buy” rating and set a GBX 450 ($6.10) target price on shares of Majestic Wine in a research note on Thursday, November 23rd. Finally, Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 306 ($4.15) price target on shares of Majestic Wine in a research note on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 415.20 ($5.63).

Majestic Wine (LON WINE) opened at GBX 459 ($6.22) on Tuesday. Majestic Wine has a 12 month low of GBX 305 ($4.14) and a 12 month high of GBX 470 ($6.37). The company has a market capitalization of $321.38 and a price-to-earnings ratio of 11,475.00.

Majestic Wine (LON:WINE) last released its quarterly earnings data on Thursday, November 23rd. The company reported GBX 7.90 ($0.11) EPS for the quarter, beating analysts’ consensus estimates of GBX 7.10 ($0.10) by GBX 0.80 ($0.01). Majestic Wine had a return on equity of 2.22% and a net margin of 0.50%. The business had revenue of £217.36 million for the quarter.

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About Majestic Wine

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 (LON:WINE)

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