M.P. Evans Group’s (MPE) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of M.P. Evans Group (LON:MPE) in a research report released on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 1,750 target price on the stock.

M.P. Evans Group Price Performance

M.P. Evans Group stock opened at GBX 1,495 on Tuesday. M.P. Evans Group has a one year low of GBX 912 and a one year high of GBX 1,550. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.91 and a current ratio of 3.43. The business has a fifty day moving average of GBX 1,410.28 and a two-hundred day moving average of GBX 1,327.96. The company has a market cap of £780.03 million, a P/E ratio of 7.42 and a beta of 0.30.

Insider Activity at M.P. Evans Group

In related news, insider Matthew Coulson sold 8,450 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total value of £104,695.50. 8.70% of the stock is owned by company insiders.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.