M.P. Evans Group (LON:MPE) Price Target Raised to GBX 1,500 at Canaccord Genuity Group

M.P. Evans Group (LON:MPE) had its price target raised by analysts at Canaccord Genuity Group from GBX 1,400 ($18.13) to GBX 1,500 ($19.42) in a research note issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 51.52% from the company’s previous close.

M.P. Evans Group Stock Performance

Shares of MPE opened at GBX 990 ($12.82) on Friday. The stock has a market capitalization of £642.63 million, a P/E ratio of 9.97 and a beta of 0.69. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. M.P. Evans Group has a 1 year low of GBX 792 ($10.25) and a 1 year high of GBX 1,130 ($14.63). The company’s fifty day moving average is GBX 1,028.30 and its two-hundred day moving average is GBX 973.46.

M.P. Evans Group Company Profile

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).