John Menzies (LON:MNZS) Stock Rating Reaffirmed by Peel Hunt
John Menzies (LON:MNZS)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued on Tuesday, LSE.Co.UK reports. They currently have a GBX 748 ($9.77) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 86.53% from the company’s current price.
A number of other research firms have also recently issued reports on MNZS. Peel Hunt restated a “buy” rating and set a GBX 748 ($9.77) price objective on shares of John Menzies in a research report on Monday. Berenberg Bank restated a “buy” rating and set a GBX 700 ($9.15) price objective on shares of John Menzies in a research report on Tuesday. Finally, Shore Capital restated a “buy” rating on shares of John Menzies in a research report on Tuesday. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of GBX 746.50 ($9.75).
Shares of MNZS traded down GBX 14 ($0.18) on Tuesday, reaching GBX 401 ($5.24). 260,554 shares of the stock traded hands, compared to its average volume of 44,530. The firm has a market cap of $337.92 million and a price-to-earnings ratio of -58.97. The company has a debt-to-equity ratio of 275.62, a quick ratio of 1.09 and a current ratio of 1.15. John Menzies has a 12 month low of GBX 353.50 ($4.62) and a 12 month high of GBX 650 ($8.49). The stock’s 50-day moving average is GBX 427.12.
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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