Majestic Wine PLC (LON:WINE) had its price objective decreased by investment analysts at Liberum Capital from GBX 415 ($5.18) to GBX 380 ($4.75) in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 32.52% from the stock’s previous close.
Several other analysts have also weighed in on WINE. Peel Hunt reissued a “buy” rating and set a GBX 540 ($6.75) price objective on shares of Majestic Wine PLC in a report on Thursday, September 1st. Investec lowered their price target on Majestic Wine PLC from GBX 510 ($6.37) to GBX 450 ($5.62) and set a “buy” rating on the stock in a research report on Wednesday, September 21st. Finally, Canaccord Genuity lowered their price target on Majestic Wine PLC from GBX 350 ($4.37) to GBX 290 ($3.62) and set a “sell” rating on the stock in a research report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 348 ($4.35).
Shares of Majestic Wine PLC (LON:WINE) traded down 2.80% on Monday, reaching GBX 286.75. The company had a trading volume of 249,462 shares. Majestic Wine PLC has a one year low of GBX 273.25 and a one year high of GBX 485.00. The company has a 50-day moving average price of GBX 292.79 and a 200-day moving average price of GBX 379.52. The firm’s market cap is GBX 188.80 million.
The firm also recently disclosed a dividend, which will be paid on Friday, December 23rd. Shareholders of record on Thursday, November 24th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 0.47%. The ex-dividend date of this dividend is Thursday, November 24th.
In other news, insider Ian Harding purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average price of GBX 304 ($3.80) per share, with a total value of £6,080 ($7,596.20). Also, insider James Crawford purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of GBX 296 ($3.70) per share, for a total transaction of £14,800 ($18,490.75).