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

M.P. Evans Group (LON:MPE) had its price target upped by equities research analysts at Canaccord Genuity Group from GBX 1,350 ($16.65) to GBX 1,400 ($17.26) in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 42.28% from the stock’s current price.

M.P. Evans Group Stock Performance

Shares of MPE traded down GBX 6 ($0.07) on Tuesday, reaching GBX 984 ($12.13). 16,707 shares of the stock traded hands, compared to its average volume of 42,323. The stock’s 50-day moving average price is GBX 969.84 and its 200-day moving average price is GBX 916.34. The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91. The firm has a market cap of £519.55 million, a price-to-earnings ratio of 1,046.81 and a beta of 0.69. M.P. Evans Group has a 12 month low of GBX 724 ($8.93) and a 12 month high of GBX 1,040 ($12.82).

Insider Activity

In related news, insider K Chandra Sekaran sold 820 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of GBX 940 ($11.59), for a total transaction of £7,708 ($9,504.32). In the last three months, insiders have sold 8,850 shares of company stock worth $8,238,000. Corporate insiders own 48.63% of the company’s stock.

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”).