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Majestic Wine PLC (LON:WINE) target price lowered to 290.00GBX, reported today by Canaccord Genuity

Majestic Wine PLC (LON:WINE) had its target price lowered to 290.00GBX by Canaccord Genuity in a report released 09/29/2016. The new target price indicates a possible downside of -0.07% based on the company's last stock close price.

Previously on 9/21/2016, Liberum Capital reported about Majestic Wine PLC (LON:WINE) lowered the target price from 505.00GBX to 415.00GBX. At the time, this indicated a possible upside of 0.33%.

Yesterday Majestic Wine PLC (LON:WINE) traded -0.89% lower at 310.63GBX. The company’s 50-day moving average is 402.54GBX and its 200-day moving average is 417.28GBX. The last stock close price is down -26.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 447,779 shares of the stock were exchanged, up from an average trading volume of 273,839

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Majestic Wine PLC (LON:WINE)

Majestic Wine PLC has a 52 week low of 273.25GBX and a 52 week high of 485.00GBX with a P/E ratio of 93.11 The company’s market cap is currently 0 GBX.

About Majestic Wine PLC (LON: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. The Commercial segment is a business-to-business wine retailer selling to pubs, restaurants and events. The Lay & Wheeler segment is a specialist in the wine market and also provides cellarage services to customers. The Naked Wines segment is a customer funded international online wine retailer. Its subsidiaries include Majestic Wine Warehouses Limited, Lay & Wheeler Limited, Les Celliers de Calais S.A.S., Majestic Wine Employee Share Ownership Trust Limited, Naked Wines International, Inc. and Vinotheque Holdings Limited.

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