Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM All-Share

56.20p
   
  • Change Today:
    -1.30p
  • 52 Week High: 117.00
  • 52 Week Low: 28.50
  • Currency: UK Pounds
  • Shares Issued: 74.00m
  • Volume: 109,345
  • Market Cap: £41.59m

Berenberg slashes target price on Naked Wines

By Iain Gilbert

Date: Tuesday 19 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg slashed their target price on alcoholic beverages retailer Naked Wines from 690.0p to 140.0p on Tuesday, stating there were still more challenges ahead for the group.
Berenberg said Naked Wines' full-year results did little to mitigate its concerns over the viability of the company's customer acquisition strategy or its exposure to macro headwinds.

The German bank noted that Naked Wines now expects "a material decline" in paybacks on marketing spend for its latest cohort, leading the company to downgrade full-year 2023 sales guidance.

Berenberg also stated Naked Wines was facing uncertainty over demand given weakening consumer confidence, as well as increased costs in the year ahead.

"Despite the significant de-rating in shares year-to-date, we believe that execution risk remains high and there could be more negative news to come," said the analysts, who retained their 'hold' rating on the stock.



Reporting by Iain Gilbert at Sharecast.com

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Naked Wines Market Data

Currency UK Pounds
Share Price 56.20p
Change Today -1.30p
% Change -2.26 %
52 Week High 117.00
52 Week Low 28.50
Volume 109,345
Shares Issued 74.00m
Market Cap £41.59m

Naked Wines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.80% above the market average66.80% above the market average66.80% above the market average66.80% above the market average66.80% above the market average
42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average
Price Trend
64.57% below the market average64.57% below the market average64.57% below the market average64.57% below the market average64.57% below the market average
75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average
Income Not Available
Growth
16.37% below the market average16.37% below the market average16.37% below the market average16.37% below the market average16.37% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Naked Wines Dividends

  Latest Previous
  Special Interim
Ex-Div 24-Dec-19 29-Nov-18
Paid 15-Jan-20 21-Dec-18
Amount 5.20p 2.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:10 9,000 @ 56.70p
15:59 74 @ 55.77p
15:57 500 @ 56.33p
15:57 9,000 @ 56.20p
15:57 7,500 @ 55.87p

Naked Wines Key Personnel

CFO James Crawford

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