Majestic Wine PLC (LON:WINE) Insider Acquires £40,050 in Stock

Majestic Wine PLC (LON:WINE) insider James Crawford acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of GBX 267 ($3.49) per share, with a total value of £40,050 ($52,332.42).

Shares of LON WINE opened at GBX 263 ($3.44) on Friday. Majestic Wine PLC has a 12 month low of GBX 214 ($2.80) and a 12 month high of GBX 425 ($5.55). The company has a market cap of $191.05 million and a price-to-earnings ratio of -19.77. The company has a quick ratio of 0.27, a current ratio of 1.24 and a debt-to-equity ratio of 31.74. The business has a fifty day simple moving average of GBX 266.04 and a 200-day simple moving average of GBX 264.61.

Several brokerages have recently weighed in on WINE. Peel Hunt restated a “hold” rating on shares of Majestic Wine in a report on Friday, August 2nd. Shore Capital restated an “under review” rating on shares of Majestic Wine in a report on Thursday, June 13th. Finally, Liberum Capital cut their price objective on Majestic Wine from GBX 500 ($6.53) to GBX 400 ($5.23) and set a “buy” rating for the company in a report on Friday, August 2nd.

About Majestic Wine

Majestic Wine plc, together with its subsidiaries, engages in the retailing of wines, beers, and spirits in the United Kingdom, the United States, Australia, and France. It operates through four segments: Retail, Commercial, Lay & Wheeler, and Naked Wines. The company also provides cellarage services; and business to business wine retailing to pubs, restaurants, and events.

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