Analysts Set Majestic Wine PLC (WINE) Target Price at $375.20

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.

Analyst Recommendations for Majestic Wine PLC (LON:WINE)

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