Canaccord Genuity Group Reiterates Buy Rating for M.P. Evans Group (LON:MPE)

M.P. Evans Group (LON:MPE)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,750 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 16.67% from the company’s current price.

M.P. Evans Group Stock Performance

LON MPE opened at GBX 1,500 on Tuesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.43 and a quick ratio of 1.91. M.P. Evans Group has a 1-year low of GBX 912 and a 1-year high of GBX 1,550. The business has a 50 day simple moving average of GBX 1,405.48 and a two-hundred day simple moving average of GBX 1,326.58. The stock has a market capitalization of £782.64 million, a PE ratio of 7.44 and a beta of 0.30.

Insider Buying and Selling at M.P. Evans Group

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

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”).

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.