Virgin Wines UK plc

Interzone

  • Sectors : Disruptive Technology
  • Companies : Virgin Wines UK plc

Ratings and price correct at time of issue.

  • Virgin Wines UK plc

    Closing Price: 73.5p

  • RATING 26/07/22

  • PREVIOUS RATING N/A

DAVY VIEW

Virgin Wines (VINO) is an online retailer selling predominantly exclusive wines across the UK. Another e-commerce player to experience a boom over the past two years, catalysed by the COVID-19 lockdowns, VINO now faces a different challenge in attracting new customers in the post-pandemic environment. Blessed with a highly profitable, cash-generative business model, VINO will need to demonstrate its ability to generate sustained growth in a period of declining consumer sentiment. We initiate with a ‘Neutral’ rating and a price target of 100p.

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Jul 26 2022, 16:40 IST/BST

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