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

M.P. Evans Group (LON:MPE - Get Free Report) had its target price hoisted by research analysts at Canaccord Genuity Group from GBX 1,400 ($18.09) to GBX 1,500 ($19.38) in a research note issued on Friday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 41.51% from the stock's previous close.

M.P. Evans Group Stock Up 5.0 %

Shares of MPE stock traded up GBX 50 ($0.65) during mid-day trading on Friday, reaching GBX 1,060 ($13.70). 59,923 shares of the company's stock traded hands, compared to its average volume of 53,066. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The company's 50-day moving average price is GBX 1,029.47 and its 200-day moving average price is GBX 975.84. The company has a market cap of £688.07 million, a P/E ratio of 10.68 and a beta of 0.69. M.P. Evans Group has a 12 month low of GBX 792 ($10.23) and a 12 month high of GBX 1,130 ($14.60).

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”).