M.P. Evans Group (LON:MPE - Free Report) had its target price lifted by Canaccord Genuity Group from GBX 1,350 ($16.64) to GBX 1,400 ($17.26) in a research note released on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.
M.P. Evans Group Stock Performance
LON MPE traded down GBX 6 ($0.07) during trading on Tuesday, reaching GBX 984 ($12.13). 16,707 shares of the company's stock were exchanged, compared to its average volume of 42,323. The business has a 50 day moving average price of GBX 969.84 and a 200-day moving average price of GBX 916.34. The stock has a market capitalization of £519.55 million, a P/E ratio of 1,046.81 and a beta of 0.69. The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91. M.P. Evans Group has a fifty-two week low of GBX 724 ($8.93) and a fifty-two week high of GBX 1,040 ($12.82).
Insiders Place Their Bets
In other news, insider K Chandra Sekaran sold 820 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of GBX 940 ($11.59), for a total value of £7,708 ($9,503.14). Insiders have sold a total of 8,850 shares of company stock valued at $8,238,000 over the last 90 days. 48.63% of the stock is currently owned by insiders.
M.P. Evans Group Company Profile
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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”).
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