Peel Hunt Downgrades Majestic Wine (WINE) to Hold

Peel Hunt lowered shares of Majestic Wine (LON:WINE) to a hold rating in a research note published on Thursday. They currently have GBX 350 ($4.57) price target on the stock, down from their prior price target of GBX 500 ($6.53).

Other analysts have also issued reports about the company. Liberum Capital lowered Majestic Wine to a hold rating and decreased their price objective for the company from GBX 535 ($6.99) to GBX 360 ($4.70) in a research note on Thursday. Royal Bank of Canada restated an outperform rating and issued a GBX 550 ($7.19) target price on shares of Majestic Wine in a research note on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Majestic Wine currently has a consensus rating of Hold and a consensus target price of GBX 399.40 ($5.22).

LON:WINE opened at GBX 312 ($4.08) on Thursday. Majestic Wine has a 52-week low of GBX 305 ($3.99) and a 52-week high of GBX 485.50 ($6.34).

The firm also recently announced a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, November 29th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.62%.

In other Majestic Wine news, insider James Crawford bought 4,989 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were acquired at an average cost of GBX 401 ($5.24) per share, for a total transaction of £20,005.89 ($26,141.24).

Majestic Wine Company Profile

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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