Majestic Wine PLC (LON:WINE) declared a dividend on Thursday, June 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 22nd will be paid a dividend of GBX 3.60 ($0.05) per share on Friday, July 28th. This represents a yield of 1.03%. The ex-dividend date is Thursday, June 22nd. This is a positive change from Majestic Wine PLC’s previous dividend of $1.50. The official announcement can be accessed at this link.
Shares of Majestic Wine PLC (LON WINE) traded up 1.53% on Friday, hitting GBX 314.75. 85,808 shares of the stock were exchanged. The firm’s 50-day moving average is GBX 356.47 and its 200-day moving average is GBX 343.84. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 440.25. The company’s market cap is GBX 224.65 million.
In related news, insider Rowan Gormley sold 100,000 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of GBX 357 ($4.62), for a total value of £357,000 ($462,435.23). Also, insider James Crawford sold 25,294 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of GBX 372 ($4.82), for a total transaction of £94,093.68 ($121,883.01). Insiders sold 175,294 shares of company stock worth $62,409,368 over the last quarter.
WINE has been the topic of several recent research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 465 ($6.02) target price on shares of Majestic Wine PLC in a research note on Tuesday, June 6th. Investec reaffirmed a “buy” rating and issued a GBX 450 ($5.83) target price on shares of Majestic Wine PLC in a research note on Friday, May 26th. Shore Capital reissued a “buy” rating on shares of Majestic Wine PLC in a research note on Tuesday, April 11th. Peel Hunt reissued a “hold” rating and set a GBX 300 ($3.89) price objective on shares of Majestic Wine PLC in a research note on Monday, March 27th. Finally, Canaccord Genuity lifted their price objective on shares of Majestic Wine PLC from GBX 290 ($3.76) to GBX 306 ($3.96) and gave the stock a “sell” rating in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 375.20 ($4.86).
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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