A number of other equities analysts also recently weighed in on the stock. Peel Hunt boosted their target price on shares of John Menzies plc from GBX 630 ($7.97) to GBX 758 ($9.59) and gave the stock an add rating in a research note on Friday, May 12th. Berenberg Bank reissued a buy rating and set a GBX 700 ($8.86) price target on shares of John Menzies plc in a research note on Thursday, May 4th. Finally, Numis Securities Ltd reissued a buy rating and set a GBX 650 ($8.22) price target on shares of John Menzies plc in a research note on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 683.25 ($8.64).
Shares of John Menzies plc (LON MNZS) traded up 0.07% during midday trading on Friday, hitting GBX 709.00. The stock had a trading volume of 203,414 shares. The company’s market cap is GBX 583.51 million. The firm has a 50 day moving average of GBX 708.56 and a 200-day moving average of GBX 631.11. John Menzies plc has a one year low of GBX 450.63 and a one year high of GBX 732.00.
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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 ($8.88), for a total transaction of £702,000 ($888,045.54). Also, insider Paul Baines acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were purchased at an average price of GBX 668 ($8.45) per share, with a total value of £20,040 ($25,351.04).
John Menzies plc Company Profile
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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