Berenberg Bank Raises John Menzies plc (MNZS) Price Target to GBX 700

John Menzies plc (LON:MNZS) had its price objective hoisted by Berenberg Bank from GBX 660 ($8.15) to GBX 700 ($8.65) in a research note published on Thursday. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on MNZS. Peel Hunt reaffirmed an add rating and issued a GBX 577 ($7.13) target price on shares of John Menzies plc in a report on Wednesday, November 23rd. Numis Securities Ltd reaffirmed an under review rating on shares of John Menzies plc in a report on Wednesday, November 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. John Menzies plc currently has a consensus rating of Buy and an average price target of GBX 651.25 ($8.04).

Shares of John Menzies plc (LON:MNZS) opened at 626.00 on Thursday. The company’s market cap is GBX 515.20 million. John Menzies plc has a 12-month low of GBX 406.76 and a 12-month high of GBX 626.00. The company has a 50-day moving average price of GBX 597.58 and a 200-day moving average price of GBX 553.08.

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About John Menzies plc

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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