Could Majestic Wine PLC Lose Strenght? The Stock Increases A Lot Today

 Could Majestic Wine PLC Lose Strenght? The Stock Increases A Lot Today

The stock of Majestic Wine PLC (LON:WINE) is a huge mover today! The stock decreased 4.03% or GBX 12.75 on November 18, hitting GBX 303.25. About 649,336 shares traded hands or 107.29% up from the average. Majestic Wine PLC (LON:WINE) has declined 29.23% since April 21, 2016 and is downtrending. It has underperformed by 33.66% the S&P500.
The move comes after 8 months positive chart setup for the GBX 224.76M company. It was reported on Nov, 18 by Barchart.com. We have GBX 536.75 PT which if reached, will make LON:WINE worth GBX 173.07 million more.

Majestic Wine PLC (LON:WINE) Ratings Coverage

Out of 5 analysts covering Majestic Wine PLC (LON:WINE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. GBX 540 is the highest target while GBX 280 is the lowest. The GBX 346 average target is 14.10% above today’s (GBX 303.25) stock price. Majestic Wine PLC has been the topic of 19 analyst reports since March 4, 2016 according to StockzIntelligence Inc. Peel Hunt maintained the stock with “Buy” rating in Monday, June 20 report. As per Tuesday, July 5, the company rating was maintained by Liberum Capital. Peel Hunt downgraded it to “Hold” rating and GBX 300 target price in Thursday, November 17 report. The firm has “Buy” rating given on Monday, June 20 by Liberum Capital. The stock of Majestic Wine PLC (LON:WINE) has “Buy” rating given on Monday, November 7 by Investec. Peel Hunt maintained Majestic Wine PLC (LON:WINE) on Tuesday, October 4 with “Buy” rating. Investec maintained Majestic Wine PLC (LON:WINE) on Wednesday, September 21 with “Buy” rating. Investec maintained it with “Buy” rating and GBX 450 target price in Thursday, November 17 report. Panmure Gordon maintained Majestic Wine PLC (LON:WINE) rating on Thursday, November 17. Panmure Gordon has “Hold” rating and GBX 320 price target. The rating was maintained by Peel Hunt on Thursday, September 1 with “Buy”.

Another recent and important Majestic Wine PLC (LON:WINE) news was published by Uk.Finance.Yahoo.com which published an article titled: “Majestic Wine PLC (MJW.L)” on March 10, 2014.

Majestic Wine plc is a wine retailer. The company has a market cap of 224.76 million GBP. The Firm acts as a holding firm for its subsidiaries. It has a 90.47 P/E ratio. The Firm is engaged in the retailing of wines, beers and spirits.

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