John Menzies plc’s (MNZS) Buy Rating Reiterated at Berenberg Bank

John Menzies plc (LON:MNZS)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report released on Thursday, May 4th. They currently have a GBX 700 ($9.04) target price on the stock. Berenberg Bank’s target price would indicate a potential downside of 2.51% from the stock’s previous close.

A number of other brokerages have also weighed in on MNZS. Peel Hunt upped their price target on shares of John Menzies plc from GBX 607 ($7.84) to GBX 630 ($8.13) and gave the stock an “add” rating in a research note on Tuesday, January 24th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 650 ($8.39) target price on shares of John Menzies plc in a report on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 683.25 ($8.82).

John Menzies plc (LON:MNZS) traded up 1.63% during mid-day trading on Thursday, hitting GBX 718.00. 76,977 shares of the stock were exchanged. The company’s market capitalization is GBX 590.91 million. John Menzies plc has a 1-year low of GBX 439.10 and a 1-year high of GBX 718.00. The stock has a 50 day moving average price of GBX 685.40 and a 200 day moving average price of GBX 599.59.

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In related news, insider D J. Jenkinson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of GBX 702 ($9.06), for a total value of £702,000 ($906,157.22). Also, insider Paul Baines bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was acquired at an average price of GBX 668 ($8.62) per share, for a total transaction of £20,040 ($25,868.08).

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.

12 Month Chart for LON:MNZS

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