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

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 target upped by analysts at Canaccord Genuity Group from GBX 1,500 to GBX 1,650 in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 21.77% from the company's previous close.

M.P. Evans Group Stock Up 0.4%

MPE traded up GBX 5 during trading on Tuesday, reaching GBX 1,355. The company had a trading volume of 35,385 shares, compared to its average volume of 59,272. 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 has a 12 month low of GBX 866 and a 12 month high of GBX 1,370. The business's fifty day moving average price is GBX 1,301.97 and its 200 day moving average price is GBX 1,129.61. The company has a market cap of £706.98 million, a P/E ratio of 820.71 and a beta of 0.69.

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”).