Majestic Wine PLC (WINE) Insider Sells £357,000 in Stock

Majestic Wine PLC (LON:WINE) insider Rowan Gormley sold 100,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of GBX 357 ($4.55), for a total value of £357,000 ($454,835.01).

Rowan Gormley also recently made the following trade(s):

  • On Thursday, June 15th, Rowan Gormley sold 50,000 shares of Majestic Wine PLC stock. The stock was sold at an average price of GBX 346 ($4.41), for a total value of £173,000 ($220,410.24).

Majestic Wine PLC (LON:WINE) opened at 311.00 on Thursday. The company’s market cap is GBX 204.80 million. Majestic Wine PLC has a 52 week low of GBX 273.25 and a 52 week high of GBX 445.00. The firm has a 50-day moving average price of GBX 368.45 and a 200-day moving average price of GBX 343.36.

The firm also recently declared a dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, June 22nd will be paid a GBX 3.60 ($0.05) dividend. The ex-dividend date is Thursday, June 22nd. This represents a dividend yield of 1.03%. This is a boost from Majestic Wine PLC’s previous dividend of $1.50.

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Several brokerages recently issued reports on WINE. Shore Capital downgraded Majestic Wine PLC to a “hold” rating in a report on Thursday, June 15th. Investec reiterated a “buy” rating and set a GBX 450 ($5.73) price target on shares of Majestic Wine PLC in a report on Thursday, June 15th. Liberum Capital upped their price target on Majestic Wine PLC from GBX 465 ($5.92) to GBX 500 ($6.37) and gave the stock a “buy” rating in a report on Thursday, June 15th. Peel Hunt reiterated a “hold” rating on shares of Majestic Wine PLC in a report on Friday, June 9th. Finally, Canaccord Genuity upped their price target on Majestic Wine PLC from GBX 290 ($3.69) to GBX 306 ($3.90) and gave the stock a “sell” rating in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 375.20 ($4.78).

About Majestic Wine PLC

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.

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