Liberum Capital downgraded shares of Majestic Wine (LON:WINE) to a hold rating in a report issued on Thursday. They currently have GBX 360 ($4.70) price target on the stock, down from their previous price target of GBX 535 ($6.99).
Separately, Royal Bank of Canada restated an outperform rating and set a GBX 550 ($7.19) price target on shares of Majestic Wine in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Majestic Wine currently has a consensus rating of Hold and a consensus price target of GBX 407.83 ($5.33).
WINE stock traded down GBX 13.50 ($0.18) during midday trading on Thursday, reaching GBX 308.50 ($4.03). 688,431 shares of the company’s stock traded hands, compared to its average volume of 104,440. Majestic Wine has a 52 week low of GBX 305 ($3.99) and a 52 week high of GBX 485.50 ($6.34).
In other news, insider James Crawford purchased 4,989 shares of Majestic Wine stock in a transaction dated Tuesday, September 11th. The stock was purchased at an average cost of GBX 401 ($5.24) per share, for a total transaction of £20,005.89 ($26,141.24).
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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