Berenberg Bank Boosts John Menzies plc (MNZS) Price Target to GBX 800
John Menzies plc (LON:MNZS) had its target price upped by Berenberg Bank from GBX 700 ($9.09) to GBX 800 ($10.39) in a report published on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.
A number of other analysts have also weighed in on MNZS. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 860 ($11.16) price objective on shares of John Menzies plc in a research note on Tuesday, August 15th. Peel Hunt reiterated an add rating and issued a GBX 758 ($9.84) target price on shares of John Menzies plc in a report on Monday, August 14th. Finally, Shore Capital reiterated a house stock rating on shares of John Menzies plc in a report on Friday, June 9th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 760.75 ($9.88).
Shares of John Menzies plc (LON MNZS) opened at 706.00 on Thursday. The company’s market capitalization is GBX 588.80 million. The firm has a 50-day moving average of GBX 702.26 and a 200 day moving average of GBX 674.35. John Menzies plc has a 1-year low of GBX 459.63 and a 1-year high of GBX 732.00.
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The business also recently disclosed a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 19th will be issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 0.83%.
About John Menzies plc
John Menzies plc provides time-critical logistics and support services. 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.
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