Panmure Gordon reaffirmed their hold rating on shares of Majestic Wine PLC (LON:WINE) in a research note released on Tuesday morning. The brokerage currently has a GBX 320 ($3.89) price target on the stock.
WINE has been the subject of a number of other research reports. Peel Hunt reiterated a buy rating and issued a GBX 440 ($5.35) price objective on shares of Majestic Wine PLC in a research report on Tuesday, October 4th. Canaccord Genuity reduced their price objective on Majestic Wine PLC from GBX 350 ($4.26) to GBX 290 ($3.53) and set a sell rating for the company in a research report on Thursday, September 29th. Liberum Capital reduced their price objective on Majestic Wine PLC from GBX 415 ($5.05) to GBX 380 ($4.62) and set a buy rating for the company in a research report on Monday, November 7th. Finally, Investec reiterated a buy rating and issued a GBX 450 ($5.47) price objective on shares of Majestic Wine PLC in a research report on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 348 ($4.23).
Majestic Wine PLC (LON:WINE) traded up 0.43% on Tuesday, hitting GBX 351.00. The stock had a trading volume of 359,741 shares. The firm’s market cap is GBX 231.11 million. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 485.00. The firm’s 50-day moving average price is GBX 301.62 and its 200-day moving average price is GBX 348.86.
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The business also recently announced a dividend, which was paid on Friday, December 23rd. Investors of record on Thursday, November 24th were given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date was Thursday, November 24th. This represents a dividend yield of 0.47%.
In other Majestic Wine PLC news, insider Ian Harding acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was purchased at an average price of GBX 304 ($3.70) per share, for a total transaction of £6,080 ($7,393.90). Also, insider James Crawford acquired 5,000 shares of the business’s stock in a transaction on Monday, November 21st. The stock was acquired at an average price of GBX 296 ($3.60) per share, with a total value of £14,800 ($17,998.30).
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.
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