M.P. Evans Group (LON:MPE) Earns Buy Rating from Canaccord Genuity Group

M.P. Evans Group (LON:MPE)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,500 ($20.16) target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 17.19% from the company’s current price.

M.P. Evans Group Trading Up 0.4%

LON:MPE opened at GBX 1,280 ($17.20) on Thursday. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. M.P. Evans Group has a 1-year low of GBX 816 ($10.97) and a 1-year high of GBX 1,315 ($17.67). The firm has a market capitalization of £830.88 million, a price-to-earnings ratio of 12.90 and a beta of 0.69. The stock has a fifty day simple moving average of GBX 1,119.29 and a 200 day simple moving average of GBX 1,051.16.

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”).