Canaccord Genuity Group Raises M.P. Evans Group (LON:MPE) Price Target to GBX 1,400

M.P. Evans Group (LON:MPE) had its target price upped by Canaccord Genuity Group from GBX 1,350 ($16.67) to GBX 1,400 ($17.29) in a research note released on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

M.P. Evans Group Price Performance

MPE stock opened at GBX 1,015 ($12.54) on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72. The company has a market capitalization of £535.92 million, a P/E ratio of 1,079.79 and a beta of 0.69. The business has a 50 day simple moving average of GBX 972.20 and a 200-day simple moving average of GBX 918.23. M.P. Evans Group has a twelve month low of GBX 730 ($9.02) and a twelve month high of GBX 1,040 ($12.85).

Insider Activity

In other news, insider K Chandra Sekaran sold 820 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of GBX 940 ($11.61), for a total value of £7,708 ($9,520.75). Over the last three months, insiders sold 8,850 shares of company stock valued at $8,238,000. Insiders own 48.63% of the company’s stock.

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”).