Berenberg Bank reissued their buy rating on shares of John Menzies (LON:MNZS) in a report published on Tuesday, Digital Look reports. The firm currently has a GBX 700 ($9.15) price target on the stock.
Other research analysts have also issued reports about the stock. Shore Capital restated a buy rating on shares of John Menzies in a report on Tuesday. Peel Hunt restated a buy rating and issued a GBX 748 ($9.77) price objective on shares of John Menzies in a report on Monday. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of GBX 746.50 ($9.75).
LON:MNZS opened at GBX 415.50 ($5.43) on Tuesday. The company has a fifty day moving average of GBX 425.19 and a 200 day moving average of GBX 481.30. 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 quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 275.62. The firm has a market capitalization of $350.14 million and a P/E ratio of -61.10.
The business also recently disclosed 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. The ex-dividend date is Thursday, October 17th. This represents a yield of 1.52%. John Menzies’s dividend payout ratio (DPR) is presently -2.94%.
In related news, insider John Geddes acquired 4,869 shares of the firm’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).
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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