John Menzies (LON:MNZS) Stock Rating Reaffirmed by Peel Hunt

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Peel Hunt reiterated their buy rating on shares of John Menzies (LON:MNZS) in a research report sent to investors on Monday, Digital Look reports. The brokerage currently has a GBX 748 ($9.77) price objective on the stock.

A number of other research firms have also recently commented on MNZS. Berenberg Bank reduced their target price on John Menzies from GBX 800 ($10.45) to GBX 700 ($9.15) and set a buy rating on the stock in a research note on Friday, July 5th. Shore Capital reissued a buy rating on shares of John Menzies in a research note on Friday, July 12th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of GBX 746.50 ($9.75).

MNZS opened at GBX 417.50 ($5.46) on Monday. The stock has a market cap of $351.83 million and a PE ratio of -61.40. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 275.62. John Menzies has a 52 week low of GBX 353.50 ($4.62) and a 52 week high of GBX 650 ($8.49). The business’s fifty day simple moving average is GBX 425.19 and its 200 day simple moving average is GBX 481.30.

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 1.52%. John Menzies’s payout ratio is -2.94%.

In other John Menzies news, insider John Geddes purchased 4,869 shares of the business’s stock in a transaction on Friday, July 5th. The stock was acquired at an average cost of GBX 395 ($5.16) per share, for a total transaction of £19,232.55 ($25,130.73).

John Menzies Company Profile

John Menzies plc provides distribution and aviation services in the United Kingdom, the United States, and internationally. The Distribution segment offers newspaper and magazine distribution services. This segment also provides marketing and logistics services. The Aviation segment offers ground handling and cargo services; cargo forwarding services; and fuelling and fuel farm management services.

Read More: Debt-To-Equity Ratio

Analyst Recommendations for John Menzies (LON:MNZS)

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