John Menzies’ (MNZS) “Buy” Rating Reiterated at Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of John Menzies (LON:MNZS) in a research report report published on Tuesday, Digital Look reports. They currently have a GBX 700 ($9.15) price target on the stock.
Other equities analysts have also issued reports about the stock. Peel Hunt reiterated a buy rating and issued a GBX 748 ($9.77) target price on shares of John Menzies in a report on Monday, August 12th. Shore Capital reiterated a buy rating on shares of John Menzies in a report on Tuesday. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of GBX 746.50 ($9.75).
LON:MNZS opened at GBX 416 ($5.44) on Tuesday. The company has a debt-to-equity ratio of 275.62, a current ratio of 1.15 and a quick ratio of 1.09. The firm has a market capitalization of $350.56 million and a price-to-earnings ratio of -61.18. The company’s 50-day moving average is GBX 424.39 and its two-hundred day moving average is GBX 480.97. John Menzies has a 1-year low of GBX 353.50 ($4.62) and a 1-year high of GBX 650 ($8.49).
In related news, insider John Geddes acquired 4,869 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were purchased 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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