Shares of Majestic Wine PLC (LON:WINE) have earned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 375.20 ($4.89).
WINE has been the topic of several research reports. Liberum Capital restated a “buy” rating and set a GBX 465 ($6.06) price target (up from GBX 380 ($4.95)) on shares of Majestic Wine PLC in a report on Wednesday, April 19th. Investec reiterated a “buy” rating and issued a GBX 450 ($5.86) target price on shares of Majestic Wine PLC in a report on Friday, May 26th. Peel Hunt reiterated a “hold” rating on shares of Majestic Wine PLC in a report on Friday, June 9th. Shore Capital cut Majestic Wine PLC to a “hold” rating in a report on Thursday, June 15th. Finally, Canaccord Genuity upped their target price on Majestic Wine PLC from GBX 290 ($3.78) to GBX 306 ($3.98) and gave the company a “sell” rating in a report on Thursday, May 11th.
Shares of Majestic Wine PLC (LON:WINE) traded up 0.99% during mid-day trading on Friday, hitting GBX 330.75. 56,357 shares of the company were exchanged. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 440.25. The firm has a 50 day moving average of GBX 319.20 and a 200 day moving average of GBX 344.02. The company’s market capitalization is GBX 234.08 million.
The business also recently announced a dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 22nd were issued a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, June 22nd. This is a boost from Majestic Wine PLC’s previous dividend of $1.50. This represents a yield of 1.03%.
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In related news, insider Rowan Gormley sold 50,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of GBX 346 ($4.51), for a total value of £173,000 ($225,289.75). Also, insider James Crawford sold 6,350 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of GBX 315 ($4.10), for a total value of £20,002.50 ($26,048.31). Insiders sold 156,350 shares of company stock worth $55,000,250 over the last quarter.
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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