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

Peel Hunt restated their buy rating on shares of John Menzies (LON:MNZS) in a report issued on Tuesday morning, LSE.Co.UK reports. They currently have a GBX 748 ($9.77) price objective on the stock.

Several other equities analysts have also issued reports on MNZS. Shore Capital reaffirmed a buy rating on shares of John Menzies in a report on Tuesday. Peel Hunt reaffirmed a buy rating and issued a GBX 748 ($9.77) price target on shares of John Menzies in a report on Monday, August 12th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 700 ($9.15) price target on shares of John Menzies in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of GBX 746.50 ($9.75).

LON MNZS opened at GBX 416 ($5.44) on Tuesday. The firm’s fifty day simple moving average is GBX 424.39 and its two-hundred day simple moving average is GBX 480.97. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 275.62. John Menzies has a 12-month low of GBX 353.50 ($4.62) and a 12-month high of GBX 650 ($8.49). The firm has a market capitalization of $350.56 million and a P/E ratio of -61.18.

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

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

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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Analyst Recommendations for John Menzies (LON:MNZS)

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