Majestic Wine (WINE) Stock Rating Reaffirmed by Canaccord Genuity

Majestic Wine (LON:WINE)‘s stock had its “sell” rating reiterated by research analysts at Canaccord Genuity in a note issued to investors on Tuesday. They presently have a GBX 340 ($4.87) target price on the stock. Canaccord Genuity’s target price would suggest a potential downside of 21.84% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Peel Hunt upped their price target on shares of Majestic Wine from GBX 450 ($6.44) to GBX 500 ($7.16) and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Shore Capital reaffirmed a “buy” rating and set a GBX 397 ($5.68) price target on shares of Majestic Wine in a research report on Tuesday. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 500 ($7.16) price target on shares of Majestic Wine in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 437.40 ($6.26).

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Shares of LON:WINE traded up GBX 38 ($0.54) during trading on Tuesday, reaching GBX 435 ($6.23). The stock had a trading volume of 575,637 shares, compared to its average volume of 104,440. Majestic Wine has a fifty-two week low of GBX 305 ($4.37) and a fifty-two week high of GBX 485.50 ($6.95).

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About Majestic Wine

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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