M.P. Evans Group (LON:MPE) Price Target Raised to GBX 1,900 at Canaccord Genuity Group

M.P. Evans Group (LON:MPE) had its price target raised by Canaccord Genuity Group from GBX 1,750 to GBX 1,900 in a report published on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

M.P. Evans Group Stock Up 5.0%

MPE opened at GBX 1,777.24 on Wednesday. The firm has a 50-day simple moving average of GBX 1,570.80 and a two-hundred day simple moving average of GBX 1,514.09. M.P. Evans Group has a 52 week low of GBX 1,160 and a 52 week high of GBX 1,918. The company has a market capitalization of £922.80 million, a PE ratio of 8.39 and a beta of 0.31.

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.