M.P. Evans Group (LON:MPE) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of M.P. Evans Group (LON:MPE) in a report released on Thursday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 1,500 ($19.90) target price on the stock.

M.P. Evans Group Price Performance

Shares of LON:MPE opened at GBX 988.81 ($13.12) on Thursday. The firm’s 50 day moving average is GBX 1,021.69 and its two-hundred day moving average is GBX 985.52. The firm has a market capitalization of £641.86 million, a P/E ratio of 9.96 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89. M.P. Evans Group has a 52 week low of GBX 806 ($10.69) and a 52 week high of GBX 1,130 ($14.99).

M.P. Evans Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 37.50 ($0.50) per share. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from M.P. Evans Group’s previous dividend of $15.00. M.P. Evans Group’s payout ratio is 48.36%.

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”).