Panmure Gordon Reiterates Buy Rating for Naked Wines (LON:WINE)

Naked Wines (LON:WINE)‘s stock had its “buy” rating reiterated by analysts at Panmure Gordon in a report issued on Thursday,Digital Look reports. They currently have a GBX 150 price target on the stock. Panmure Gordon’s price target points to a potential upside of 105.48% from the company’s previous close.

Naked Wines Stock Performance

Shares of WINE stock traded up GBX 0.20 during trading hours on Thursday, reaching GBX 73. 44,284 shares of the company’s stock were exchanged, compared to its average volume of 253,958. The company has a quick ratio of 0.29, a current ratio of 1.53 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of £52.25 million, a P/E ratio of -11.06, a P/E/G ratio of 0.40 and a beta of 1.26. The business has a fifty day moving average price of GBX 75.44 and a 200-day moving average price of GBX 78.99. Naked Wines has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 95.

Insider Activity

In other news, insider Rodrigo Maza purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average price of GBX 78 per share, for a total transaction of £7,800. Also, insider Jack Pailing purchased 58,810 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of GBX 80 per share, with a total value of £47,048. Insiders have acquired 75,610 shares of company stock worth $6,103,600 over the last ninety days. Insiders own 17.04% of the company’s stock.

Naked Wines Company Profile

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.