Wednesday broker round-up
9th Jan 2019 12:26
(Sharecast News) - Nichols: Numis upgrades to add with a target price of 1,650p.
Read moreMajestic Wine sales rise over Christmas
9th Jan 2019 11:01
(Sharecast News) - Majestic Wine posted a rise in group sales and margin over the Christmas period thanks to a solid performance from Naked Wines, as it said profit for the year should be in line with market consensus.
Read moreMajestic Wine swings to loss; stockpiling ahead of Brexit
22nd Nov 2018 09:34
(Sharecast News) - Wine seller Majestic Wine was under the cosh on Thursday after saying it swung to a loss in the first half and announcing plans to stockpile ahead of Brexit.
Read moreThursday broker round-up
13th Sep 2018 13:19
(Sharecast News) - Grainger: Numis upgrades to buy with a target price of 369p.
Read moreRBC Capital starts Majestic at 'outperform', says Naked Wines is undervalued
13th Sep 2018 08:16
(Sharecast News) - RBC Capital Markets initiated coverage of Majestic Wine at 'outperform' with a 550p price target on target on Thursday, saying its analysis has shown that Naked Wines is deeply undervalued.
Read moreSunday share tips: Majestic Wine, Domino's Pizza
12th Aug 2018 16:14
(Sharecast News) - Sunday newspaper share tips from the Sunday Times on Majestic Wine and the Mail on Sunday on Domino's Pizza.
Read moreMajestic Wine has biggest Christmas ever
10th Jan 2017 07:43
(ShareCast News) - Majestic Wine's retail business had its biggest Christmas ever with sales up 7.5% as overall revenue grew. For the 10-week Christmas period ending 2 January revenue climbed 15.3% compared to the prior year, while on an underlying basis it increased 12.4%. Christmas delivers abo
Read moreSunday newspaper tips: Mitie, Majestic Wine, Wincanton
20th Nov 2016 13:46
(ShareCast News) - Sell shares in Mitie, said the Sunday Times' Inside the City column, though there's no time to do this before Monday's likely "ugly" set of interim numbers. Outgoing boss Ruby McGregor-Smith, who will step down next month, warned on profits and the half-time report may see further
Read moreMajestic Wine swings to loss on acquisition, but reinstates dividend
17th Nov 2016 08:58
(ShareCast News) - Majestic Wine reported a pre-tax loss for the six months to 26 September, mainly on the back of acquisition costs, but reinstated its dividend. The company made a £4.4m loss compared to a £4.3m profit in the first half of last year, as it recognised £4.5m of adjusted items, largel
Read moreSunday share tips: Majestic Wine, TalkTalk, Vodafone, Van Elle
13th Nov 2016 13:25
(ShareCast News) - Buy Majestic Wine shares, recommended the Sunday Times' Inside the City column, after their halving over the last two years. New chief executive Rowan Gormley took over with a turnaround objective after a series of profit warnings, the latest in September. He has set a target of d
Read moreMajestic Wine offers home delivery in time for Christmas period
31st Oct 2016 10:31
(ShareCast News) - Majestic Wine has announced that it will be offering next day delivery for its full range of 1,250 wines by 2 November 2016 in time for the start of the peak Christmas trading period. The wine range, one of the largest in the UK, will be delivered through a new National Fulfilment
Read moreBroker tips: Majestic Wine, Burberry, Capita
30th Sep 2016 15:30
(ShareCast News) - Majestic Wine's shares fell on Friday as Canaccord Genuity reiterated a 'sell' rating and cut the target price to 290p from 350p. The company last Wednesday issued a profit warning, saying it had been hit by the costs of a failed marketing campaign for its Naked Wines business in
Read moreMajestic Wine tumbles on profit warning
21st Sep 2016 07:57
(ShareCast News) - Majestic Wine shares tumbled on Wednesday after the company said it expects 2017 profits to be below current market expectations due to lower-than-expected sales in its commercial business and investment in the US division of Naked Wines. Current pre-tax profit consensus expectati
Read moreDeliveroo offers alcohol deliveries from Majestic Wine and BrewDog
19th Jul 2016 10:57
(ShareCast News) - The ever expanding delivery business Deliveroo is extending its bicycle courier service to bring alcohol to thirsty UK customers' doorsteps. Just two months after scoring a deal with Pizza Express, the London based start-up has partnered up with wine merchants Majestic Wine and cr
Read moreMajestic Wine FY profit hit by Naked Wines acquisition
20th Jun 2016 08:22
(ShareCast News) - Majestic Wine posted a big drop in full-year profit despite a surge in revenue, as the acquisition of Naked Wines hit profitability. In the year ended 28 March, pre-tax profit tumbled 74.5% to £4.7m while revenue pushed up to £402.1m from £284.5m. The company said the decline in p
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