Peel Hunt reiterated their buy rating on shares of John Menzies (LON:MNZS) in a research note released on Tuesday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 748 ($9.77) target price on the stock.
MNZS has been the subject of a number of other research reports. Berenberg Bank reissued a buy rating and set a GBX 700 ($9.15) target price on shares of John Menzies in a research note on Tuesday. Shore Capital reissued a buy rating on shares of John Menzies in a research note on Tuesday. Finally, Peel Hunt reissued a buy rating and set a GBX 748 ($9.77) target price on shares of John Menzies in a research note on Monday. Five investment analysts have rated the stock with a buy rating, John Menzies presently has an average rating of Buy and a consensus price target of GBX 746.50 ($9.75).
MNZS stock opened at GBX 415.50 ($5.43) on Tuesday. The company has a fifty day moving average price of GBX 425.19 and a 200-day moving average price of GBX 481.30. The company has a market capitalization of $350.14 million and a P/E ratio of -61.10. John Menzies has a 52-week low of GBX 353.50 ($4.62) and a 52-week high of GBX 650 ($8.49). The company has a debt-to-equity ratio of 275.62, a quick ratio of 1.09 and a current ratio of 1.15.
The company also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 17th will be paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, October 17th. John Menzies’s dividend payout ratio is presently -2.94%.
In other news, insider John Geddes bought 4,869 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was acquired at an average price of GBX 395 ($5.16) per share, with a total value 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.
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