Peel Hunt Reiterates Buy Rating for John Menzies (LON:MNZS)

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John Menzies (LON:MNZS)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a report issued on Tuesday, LSE.Co.UK reports. They currently have a GBX 180 ($2.35) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 58.17% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Berenberg Bank lifted their price objective on John Menzies from GBX 210 ($2.74) to GBX 240 ($3.14) and gave the company a “buy” rating in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 180 ($2.35) price objective on shares of John Menzies in a research note on Tuesday. Finally, Shore Capital reiterated a “hold” rating on shares of John Menzies in a research note on Thursday, September 10th.

LON MNZS opened at GBX 113.80 ($1.49) on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 552.81. John Menzies has a twelve month low of GBX 66.90 ($0.87) and a twelve month high of GBX 489.50 ($6.40). The firm has a market capitalization of $95.94 million and a PE ratio of 8.74. The stock’s 50 day moving average is GBX 116.26 and its 200 day moving average is GBX 114.93.

About John Menzies

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.

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