M.P. Evans Group (LON:MPE) Price Target Raised to GBX 1,650 at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has raised its price target for M.P. Evans Group from GBX 1,500 to GBX 1,650, indicating a potential upside of 24.62% from the current stock price.
• The stock opened at GBX 1,324, with a 12-month range between GBX 866 and GBX 1,370, and has a market capitalization of £690.81 million.
• M.P. Evans Group is a producer of certified sustainable crude palm oil, operating plantations in five provinces of Indonesia and listed on the London Stock Exchange's Alternative Investment Market.

M.P. Evans Group (LON:MPE - Get Free Report) had its price objective raised by equities research analysts at Canaccord Genuity Group from GBX 1,500 to GBX 1,650 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 24.62% from the company's current price.

M.P. Evans Group Stock Performance

Shares of MPE stock opened at GBX 1,324 on Tuesday. M.P. Evans Group has a 12-month low of GBX 866 and a 12-month high of GBX 1,370. The firm has a market capitalization of £690.81 million, a price-to-earnings ratio of 801.94 and a beta of 0.69. The business has a 50 day simple moving average of GBX 1,290.47 and a 200 day simple moving average of GBX 1,122.72. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.70 and a quick ratio of 1.91.

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”).

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