John Menzies plc (MNZS) Upgraded at Peel Hunt
John Menzies plc (LON:MNZS) was upgraded by stock analysts at Peel Hunt to an “add” rating in a note issued to investors on Thursday. The firm currently has a GBX 649 ($8.47) price objective on the stock, up from their prior price objective of GBX 595 ($7.77). Peel Hunt’s price objective points to a potential upside of 5.27% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Numis Securities Ltd cut shares of John Menzies plc to an “add” rating and raised their target price for the stock from GBX 600 ($7.83) to GBX 680 ($8.88) in a report on Tuesday, August 16th. Shore Capital reissued a “house stock” rating on shares of John Menzies plc in a report on Tuesday, July 19th. Finally, N+1 Singer reissued a “hold” rating and set a GBX 625 ($8.16) target price on shares of John Menzies plc in a report on Friday, September 16th.
John Menzies plc (LON:MNZS) traded down 0.88% on Thursday, hitting GBX 616.50. 66,351 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 597.43 and a 200-day moving average of GBX 547.00. The stock’s market cap is GBX 377.91 million. John Menzies plc has a one year low of GBX 357.50 and a one year high of GBX 634.20.
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The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 6th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.89%.
John Menzies plc Company Profile
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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