Majestic Wine (LON:WINE)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 450 ($6.06) price objective on the stock. Peel Hunt’s price objective would indicate a potential downside of 1.42% from the stock’s previous close.

WINE has been the subject of a number of other reports. Investec restated a “buy” rating and set a GBX 450 ($6.06) price target on shares of Majestic Wine in a research note on Thursday, November 23rd. Liberum Capital restated a “buy” rating and set a GBX 500 ($6.73) price target on shares of Majestic Wine in a research note on Thursday, November 23rd. Canaccord Genuity restated a “sell” rating and set a GBX 306 ($4.12) price target on shares of Majestic Wine in a research note on Thursday, November 23rd. Finally, Shore Capital restated a “buy” rating on shares of Majestic Wine in a research note on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 405.20 ($5.45).

Majestic Wine (WINE) opened at GBX 452.81 ($6.09) on Tuesday. Majestic Wine has a 52-week low of GBX 286.25 ($3.85) and a 52-week high of GBX 470 ($6.33).

Majestic Wine (LON:WINE) last released its quarterly earnings results on Thursday, November 23rd. The company reported GBX 7.90 ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 7.10 ($0.10) by GBX 0.80 ($0.01). The business had revenue of £217.36 million during the quarter. Majestic Wine had a return on equity of 2.22% and a net margin of 0.50%.

In related news, insider James Crawford acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of GBX 314 ($4.23) per share, for a total transaction of £10,990 ($14,791.39).

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Majestic Wine 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.

Analyst Recommendations for Majestic Wine (LON:WINE)

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