M.P. Evans Group (LON:MPE) Given New GBX 1,400 Price Target at Canaccord Genuity Group

M.P. Evans Group (LON:MPE) had its price target lifted by Canaccord Genuity Group from GBX 1,350 ($16.64) to GBX 1,400 ($17.26) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

M.P. Evans Group Stock Performance

Shares of LON MPE opened at GBX 984 ($12.13) on Tuesday. The firm has a 50 day moving average of GBX 969.84 and a 200 day moving average of GBX 916.34. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72. The firm has a market capitalization of £519.55 million, a price-to-earnings ratio of 1,046.81 and a beta of 0.69. M.P. Evans Group has a 12-month low of GBX 724 ($8.93) and a 12-month high of GBX 1,040 ($12.82).

Insider Activity at M.P. Evans Group

In other M.P. Evans Group news, insider K Chandra Sekaran sold 820 shares of M.P. Evans Group stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.59), for a total transaction of £7,708 ($9,503.14). Over the last ninety days, insiders sold 8,850 shares of company stock worth $8,238,000. 48.63% of the stock is owned by company insiders.

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”).