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

M.P. Evans Group (LON:MPE)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 1,500 ($19.94) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 51.70% from the stock’s previous close.

M.P. Evans Group Stock Down 0.5 %

Shares of LON MPE opened at GBX 988.81 ($13.15) on Thursday. The company has a market cap of £641.86 million, a price-to-earnings 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 12 month low of GBX 806 ($10.72) and a 12 month high of GBX 1,130 ($15.02). The stock has a 50-day moving average price of GBX 1,019.37 and a two-hundred day moving average price of GBX 985.69.

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”).