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

John Menzies (LON:MNZS)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued on Thursday, LSE.Co.UK reports. They currently have a GBX 748 ($9.77) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 86.30% from the stock’s current price.

A number of other research firms have also recently issued reports on MNZS. Peel Hunt reiterated a “buy” rating and issued a GBX 748 ($9.77) target price on shares of John Menzies in a research report on Thursday. Shore Capital reiterated a “buy” rating on shares of John Menzies in a research report on Tuesday, August 13th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($9.15) target price on shares of John Menzies in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating, John Menzies presently has an average rating of “Buy” and an average target price of GBX 746.50 ($9.75).

John Menzies stock traded up GBX 0.50 ($0.01) during midday trading on Thursday, reaching GBX 401.50 ($5.25). The company’s stock had a trading volume of 40,310 shares, compared to its average volume of 44,530. John Menzies has a 52 week low of GBX 353.50 ($4.62) and a 52 week high of GBX 618 ($8.08). The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 275.62. The business has a 50-day moving average price of GBX 420.07 and a 200-day moving average price of GBX 478.38. The stock has a market cap of $338.34 million and a PE ratio of -59.04.

In other news, insider John Geddes purchased 4,869 shares of John Menzies stock in a transaction dated Friday, July 5th. The shares were bought 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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Analyst Recommendations for John Menzies (LON:MNZS)

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