The stock of Majestic Wine PLC (LON:WINE) hit a new 52-week low and has GBX 243.48 target or 14.00% below today’s GBX 283.12 share price. The 7 months bearish chart indicates high risk for the GBX 200.38M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 243.48 price target is reached, the company will be worth GBX 28.05 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.40% or GBX 1.13 on November 8, hitting GBX 283.12. About 211,598 shares traded hands. Majestic Wine PLC (LON:WINE) has declined 34.66% since April 8, 2016 and is downtrending. It has underperformed by 36.61% the S&P500.
Majestic Wine PLC (LON:WINE) Ratings Coverage
Out of 4 analysts covering Majestic Wine PLC (LON:WINE), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. GBX 540 is the highest target while GBX 290 is the lowest. The GBX 390 average target is 37.75% above today’s (GBX 283.12) stock price. Majestic Wine PLC has been the topic of 15 analyst reports since March 4, 2016 according to StockzIntelligence Inc. Peel Hunt maintained Majestic Wine PLC (LON:WINE) on Monday, June 20 with “Buy” rating. The firm has “Buy” rating by Liberum Capital given on Thursday, May 5. The firm has “Buy” rating given on Monday, November 7 by Liberum Capital. On Monday, June 20 the stock rating was maintained by Liberum Capital with “Buy”. Peel Hunt maintained the shares of WINE in a report on Tuesday, October 4 with “Buy” rating. Peel Hunt maintained it with “Buy” rating and GBX 400 target price in Wednesday, September 21 report. The firm has “Buy” rating by Investec given on Friday, March 4. The stock of Majestic Wine PLC (LON:WINE) has “Buy” rating given on Tuesday, July 5 by Liberum Capital. On Tuesday, October 4 the stock rating was maintained by Canaccord Genuity with “Sell”. The stock of Majestic Wine PLC (LON:WINE) earned “Buy” rating by Liberum Capital on Wednesday, September 21.
More notable recent Majestic Wine PLC (LON:WINE) news were published by: Bloomberg.com which released: “Majestic Wine Plunges as Setbacks Prompt Profit Shortfall” on September 21, 2016, also Uk.Finance.Yahoo.com with their article: “Majestic Wine PLC (MJW.L)” published on March 10, 2014, Fool.Co.Uk published: “Can NWF Group plc And Majestic Wine PLC Beat WM Morison Supermarkets PLC In 2016?” on December 11, 2015. More interesting news about Majestic Wine PLC (LON:WINE) were released by: Fool.Co.Uk and their article: “Majestic Wine PLC Slides After Profit Warning & Dividend Cut” published on November 16, 2015 as well as Fool.Co.Uk‘s news article titled: “Are Unilever plc, Nichols plc and Majestic Wine plc about to crash?” with publication date: May 17, 2016.
Majestic Wine plc is a wine retailer. The company has a market cap of 200.38 million GBP. The Firm acts as a holding firm for its subsidiaries. It has a 84.46 P/E ratio. The Firm is engaged in the retailing of wines, beers and spirits.
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