John Menzies (LON:MNZS) Earns Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of John Menzies (LON:MNZS) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

MNZS has been the topic of several other reports. Berenberg Bank lowered their price target on John Menzies from GBX 800 ($10.45) to GBX 700 ($9.15) and set a buy rating on the stock in a research report on Friday, July 5th. Peel Hunt reissued a buy rating and set a GBX 748 ($9.77) target price on shares of John Menzies in a research report on Monday. Five research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of GBX 746.50 ($9.75).

Shares of LON:MNZS opened at GBX 415.50 ($5.43) on Tuesday. The company has a market cap of $350.14 million and a P/E ratio of -61.10. The stock’s 50-day moving average is GBX 425.19 and its 200-day moving average is 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 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 given 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 (DPR) is presently -2.94%.

In other news, insider John Geddes bought 4,869 shares of the firm’s stock in a transaction that occurred 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).

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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Analyst Recommendations for John Menzies (LON:MNZS)

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