M.P. Evans Group (LON:MPE) Stock Rating Reaffirmed by Canaccord Genuity Group

M.P. Evans Group (LON:MPE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 1,250 ($16.51) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 40.77% from the company’s previous close.

M.P. Evans Group Price Performance

Shares of LON MPE opened at GBX 888 ($11.73) on Wednesday. M.P. Evans Group has a 12-month low of GBX 684 ($9.04) and a 12-month high of GBX 920 ($12.15). The company has a market cap of £468.86 million, a P/E ratio of 1,200.00 and a beta of 0.69. The company has a current ratio of 1.83, a quick ratio of 1.91 and a debt-to-equity ratio of 10.77. The stock has a fifty day moving average price of GBX 860.30 and a 200 day moving average price of GBX 842.07.

M.P. Evans Group Company Profile

M.P. Evans Group PLC, through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia. The company operates through Plantation, Property, and Other segments. It produces and sells crude palm oil and palm kernels. The company is also involved in the property development; and oil-palm fresh fruit bunches production businesses, as well as provision of agronomic and management consultancy services.