What’s in Majestic Wine PLC After Today’s Huge Decline?

 What's in Majestic Wine PLC After Today's Huge Decline?

The stock of Majestic Wine PLC (LON:WINE) is a huge mover today! The stock decreased 1.57% or GBX 4.5 on November 22, hitting GBX 283. About 418,809 shares traded hands or 19.24% up from the average. Majestic Wine PLC (LON:WINE) has declined 35.68% since April 25, 2016 and is downtrending. It has underperformed by 40.24% the S&P500.
The move comes after 6 months negative chart setup for the GBX 200.29 million company. It was reported on Nov, 22 by Barchart.com. We have GBX 271.68 PT which if reached, will make LON:WINE worth GBX 8.01 million less.

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. Majestic Wine PLC has been the topic of 19 analyst reports since March 4, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Liberum Capital given on Monday, November 7. The firm earned “Buy” rating on Thursday, November 17 by Investec. Liberum Capital maintained the shares of WINE in a report on Wednesday, September 21 with “Buy” rating. The firm has “Sell” rating by Canaccord Genuity given on Friday, November 18. The firm has “Hold” rating given on Thursday, November 17 by Peel Hunt. The company was maintained on Friday, March 4 by Investec. The stock of Majestic Wine PLC (LON:WINE) has “Buy” rating given on Monday, November 7 by Investec. Peel Hunt maintained the stock with “Buy” rating in Tuesday, October 4 report. Peel Hunt maintained Majestic Wine PLC (LON:WINE) on Thursday, September 1 with “Buy” rating. The firm has “Hold” rating given on Thursday, November 17 by Panmure Gordon.

Majestic Wine plc is a wine retailer. The company has a market cap of 200.29 million GBP. The Firm acts as a holding firm for its subsidiaries. It currently has negative earnings. The Firm is engaged in the retailing of wines, beers and spirits.

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