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

M.P. Evans Group (LON:MPE) had its price target upped by investment analysts at Canaccord Genuity Group from GBX 1,400 ($18.13) to GBX 1,500 ($19.42) in a research report issued to clients and investors on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 51.52% from the company’s current price.

M.P. Evans Group Price Performance

MPE stock opened at GBX 990 ($12.82) on Friday. The firm has a 50 day moving average of GBX 1,028.30 and a 200-day moving average of GBX 973.46. The company has a market cap of £642.63 million, a price-to-earnings ratio of 9.97 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 12-month low of GBX 792 ($10.25) and a 12-month high of GBX 1,130 ($14.63).

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”).