M.P. Evans Group (LON:MPE) Price Target Raised to GBX 1,400

M.P. Evans Group (LON:MPE) had its price target boosted by Canaccord Genuity Group from GBX 1,350 ($16.67) to GBX 1,400 ($17.29) in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

M.P. Evans Group Price Performance

Shares of LON:MPE opened at GBX 1,015 ($12.54) on Tuesday. The company has a market capitalization of £535.92 million, a price-to-earnings ratio of 1,079.79 and a beta of 0.69. M.P. Evans Group has a 12-month low of GBX 730 ($9.02) and a 12-month high of GBX 1,040 ($12.85). The business has a 50-day moving average price of GBX 972.20 and a 200 day moving average price of GBX 918.23. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72.

Insider Activity

In related news, insider K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of GBX 940 ($11.61), for a total value of £37,412 ($46,210.47). In the last three months, insiders have sold 8,850 shares of company stock valued at $8,238,000. Company insiders own 48.63% of the company’s stock.

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”).