M.P. Evans Group (LON:MPE) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of M.P. Evans Group (LON:MPE) in a research note released on Wednesday, MarketBeat reports. The firm currently has a GBX 1,250 ($16.51) target price on the stock.

M.P. Evans Group Stock Down 0.4 %

LON MPE opened at GBX 892.05 ($11.78) on Wednesday. The stock has a market cap of £471.00 million, a PE ratio of 1,210.81 and a beta of 0.69. M.P. Evans Group has a fifty-two week low of GBX 684 ($9.04) and a fifty-two week high of GBX 920 ($12.15). The business has a 50 day moving average price of GBX 860.82 and a two-hundred day moving average price of GBX 842.98. The company has a quick ratio of 1.91, a current ratio of 1.83 and a debt-to-equity ratio of 10.77.

M.P. Evans Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a GBX 15 ($0.20) dividend. This represents a yield of 1.76%. The ex-dividend date of this dividend is Thursday, October 10th. M.P. Evans Group’s dividend payout ratio is presently 6,081.08%.

About M.P. Evans Group

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.