Trading Report: Today, Majestic Wine PLC (WINE) Price Target Decreased to GBX 380 at Liberum Capital

Today, Majestic Wine PLC (WINE) Price Target Decreased to GBX 380 at Liberum Capital

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).

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