Peel Hunt Upgrades John Menzies plc (MNZS) to “Add”
John Menzies plc (LON:MNZS) was upgraded by equities researchers at Peel Hunt to an “add” rating in a report released on Thursday. The brokerage currently has a GBX 649 ($8.47) price target on the stock, up from their prior price target of GBX 595 ($7.77). Peel Hunt’s price target points to a potential upside of 5.87% from the company’s current price.
Several other equities analysts have also recently commented on the stock. N+1 Singer reissued a “hold” rating and issued a GBX 625 ($8.16) price target on shares of John Menzies plc in a research report on Friday, September 16th. Shore Capital reaffirmed a “house stock” rating on shares of John Menzies plc in a research report on Tuesday, July 19th. Finally, Numis Securities Ltd cut shares of John Menzies plc to an “add” rating and lifted their price objective for the stock from GBX 600 ($7.83) to GBX 680 ($8.88) in a research report on Tuesday, August 16th.
John Menzies plc (LON:MNZS) opened at 613.00 on Thursday. The stock’s 50 day moving average price is GBX 596.75 and its 200-day moving average price is GBX 545.97. John Menzies plc has a 12 month low of GBX 357.50 and a 12 month high of GBX 634.20. The firm’s market capitalization is GBX 375.76 million.
The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.89%.
About John Menzies plc
John Menzies plc provides support services in various markets. The Company operates through two segments: Distribution and Aviation. The Distribution segment provides newspaper and magazine distribution services along with marketing and logistics services across the United Kingdom and Ireland. The Aviation segment provides cargo and passenger ground handling services across the world.
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