Majestic Wine PLC (WINE) Given Average Rating of “Buy” by Brokerages

Majestic Wine PLC (LON:WINE) has been given an average rating of “Buy” by the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 446.67 ($5.84).

Several research firms recently commented on WINE. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 550 ($7.19) target price on shares of Majestic Wine in a report on Thursday, September 13th. Liberum Capital reissued a “buy” rating on shares of Majestic Wine in a report on Wednesday, July 18th.

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

Shares of Majestic Wine stock remained flat at $GBX 409 ($5.34) during trading hours on Friday. The stock had a trading volume of 22,241 shares, compared to its average volume of 104,440. Majestic Wine has a 1-year low of GBX 305 ($3.99) and a 1-year high of GBX 485.50 ($6.34).

About Majestic Wine

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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