Wayne Brown | Canaccord Genuity
“The company has commented that current trading is in line with expectations. Whilst the comparative period is impacted by Easter, and the initial sales relating to the Jubilee celebrations, we are confident that the comparatives for the first half are rather undemanding.
Philip Dorgan | Panmure Gordon
“The current trading statement is actually reassuring, with sales volatile, but good control of margins and costs. We believe that Majestic has significant market share opportunity as it builds on its position as the UK’s pre-eminent specialist wine retailer. We see many years of highly visible profit growth.
Sanjay Vidyarthi | Espirito Santo
“We think that Majestic has a strong business model and excellent long term growth prospects. However, it does not feel like the volatility in trading seen in the year to 2013 is going to change any time soon...the shares are not cheap, in our view. We maintain our neutral recommendation.