M.P. Evans Group (LON:MPE) Earns "Buy" Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity reissued a Buy rating on M.P. Evans with a GBX 1,750 price target, implying roughly a 16.7% upside from the prior close.
• M.P. Evans was trading up about 3.4% at GBX 1,500, with a market cap of £782.6m, a low P/E of 7.44 and a beta of 0.30, indicating value characteristics and relatively low volatility.
• Insider Matthew Coulson sold 8,450 shares at GBX 1,239 recently, while insiders collectively own 8.7% of the company.

M.P. Evans Group (LON:MPE - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 1,750 price objective on the stock. Canaccord Genuity Group's price objective points to a potential upside of 16.67% from the company's previous close.

M.P. Evans Group Trading Up 3.4%

MPE stock opened at GBX 1,500 on Tuesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.43 and a quick ratio of 1.91. M.P. Evans Group has a 1-year low of GBX 912 and a 1-year high of GBX 1,550. The business has a 50 day simple moving average of GBX 1,405.48 and a two-hundred day simple moving average of GBX 1,326.58. The company has a market capitalization of £782.64 million, a price-to-earnings ratio of 7.44 and a beta of 0.30.

Insiders Place Their Bets

In related news, insider Matthew Coulson sold 8,450 shares of the firm's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total transaction of £104,695.50. Insiders own 8.70% of the company's stock.

About M.P. Evans Group

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”). The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.

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