Brokerages Set Majestic Wine PLC (WINE) Price Target at $446.67

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Shares of Majestic Wine PLC (LON:WINE) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 446.67 ($5.82).

Several analysts have issued reports on WINE shares. Liberum Capital restated a “buy” rating on shares of Majestic Wine in a research note on Wednesday, July 18th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 550 ($7.16) target price on shares of Majestic Wine in a research note on Thursday. Finally, Peel Hunt reiterated a “buy” rating on shares of Majestic Wine in a research note on Thursday, June 14th.

LON WINE traded down GBX 4.50 ($0.06) during trading hours on Thursday, hitting GBX 397 ($5.17). 84,285 shares of the company traded hands, compared to its average volume of 104,440. Majestic Wine has a twelve month low of GBX 305 ($3.97) and a twelve month high of GBX 485.50 ($6.32).

Majestic Wine (LON:WINE) last issued its quarterly earnings results on Thursday, June 14th. The company reported GBX 23.90 ($0.31) EPS for the quarter, beating the consensus estimate of GBX 18 ($0.23) by GBX 5.90 ($0.08). Majestic Wine had a return on equity of 2.75% and a net margin of 0.73%.

In other Majestic Wine news, insider Justin James Apthorp sold 150,000 shares of the firm’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of GBX 460 ($5.99), for a total transaction of £690,000 ($898,788.59). Also, insider James Crawford acquired 4,989 shares of the stock in a transaction on Tuesday, September 11th. The shares were bought at an average price of GBX 401 ($5.22) per share, for a total transaction of £20,005.89 ($26,059.52).

About Majestic Wine

Majestic Wine plc, together with its subsidiaries, engages in the retailing of wines, beers, and spirits. It operates through four segments: Retail, Commercial, Lay & Wheeler, and Naked Wines. The company offers red, white, rose, fine, dessert, and port and sherry wines; champagne, prosecco, sparkling wine, and cavas under Ruinart, Laurent Perrier, Veuve Clicquot, Bollinger, Nicolas Feuillatte, Taittinger, Krug, Lanson, Moët & Chandon, and Chandon brands; and beer products comprising lager, ale, and craft beers.

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Analyst Recommendations for Majestic Wine (LON:WINE)

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