RE: Retail Offer - Fed up!12 May 2021 15:20
Peel Hunt just released a new analyst note with a buy rating and target price 407 pence / share:
"Profitability year to date is ahead of expectations and liquidity is robust. Menzies has raised c.£22m through issuing equity, with the proceeds to be deployed into acquisitions within the current year. This will allow Menzies to accelerate delivery of its strategic objectives. With increasing confidence in the outlook and the acquisition upside potential we increase our target price from 331p to 407p. We reiterate our Buy rating."