Majestic Wine PLC (MJW) Received “Hold” Rating from Peel Hunt

Majestic Wine PLC (MJW) Received “Hold” Rating from Peel Hunt

Majestic Wine PLC (LON:MJW)‘s stock had its “hold” rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Monday, StockTargetPrices.com reports. They presently have a GBX 300 ($3.77) price objective on the stock. Peel Hunt’s target price suggests a potential downside of 28.66% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 380 ($4.78) target price on shares of Majestic Wine PLC in a research note on Tuesday, January 10th. Investec reaffirmed a “buy” rating and issued a GBX 450 ($5.66) target price on shares of Majestic Wine PLC in a research note on Tuesday, January 10th. Shore Capital reaffirmed a “buy” rating on shares of Majestic Wine PLC in a research note on Monday, February 27th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 320 ($4.02) target price on shares of Majestic Wine PLC in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 346 ($4.35).

Majestic Wine PLC Company Profile

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.

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