Majestic Wine PLC (LON:WINE)‘s stock had its “buy” rating restated by equities research analysts at Investec in a note issued to investors on Monday. They currently have a GBX 450 ($5.62) price target on the stock. Investec’s price target indicates a potential upside of 56.93% from the company’s current price.
Several other brokerages have also issued reports on WINE. Peel Hunt reduced their price target on Majestic Wine PLC from GBX 540 ($6.75) to GBX 400 ($5.00) and set a “buy” rating for the company in a report on Wednesday, September 21st. Liberum Capital reduced their price target on Majestic Wine PLC from GBX 505 ($6.31) to GBX 415 ($5.18) and set a “buy” rating for the company in a report on Wednesday, September 21st. Finally, Canaccord Genuity reduced their price target on Majestic Wine PLC from GBX 350 ($4.37) to GBX 290 ($3.62) and set a “sell” rating for the company in a report on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Majestic Wine PLC currently has an average rating of “Hold” and an average price target of GBX 348 ($4.35).
Majestic Wine PLC (LON:WINE) traded down 2.80% during trading on Monday, reaching GBX 286.75. 249,462 shares of the company’s stock were exchanged. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 485.00. The company’s market capitalization is GBX 188.80 million. The stock’s 50-day moving average price is GBX 292.79 and its 200-day moving average price is GBX 379.52.
The business also recently announced a dividend, which will be paid on Friday, December 23rd. Investors of record on Thursday, November 24th will be issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a yield of 0.47%.
In related news, insider James Crawford bought 5,000 shares of Majestic Wine PLC stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average cost of GBX 296 ($3.70) per share, for a total transaction of £14,800 ($18,490.75). Also, insider Derek Hardy bought 1,041 shares of Majestic Wine PLC stock in a transaction that occurred on Tuesday, November 22nd. The stock was bought at an average price of GBX 288 ($3.60) per share, with a total value of £2,998.08 ($3,745.73).