Canaccord Genuity Group Issues Positive Forecast for M.P. Evans Group (LON:MPE) Stock Price

M.P. Evans Group (LON:MPEGet Free Report) had its price target increased by equities researchers at Canaccord Genuity Group from GBX 1,750 to GBX 1,900 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 5.61% from the company’s current price.

M.P. Evans Group Trading Up 6.3%

LON MPE opened at GBX 1,799 on Wednesday. M.P. Evans Group has a 12 month low of GBX 1,160 and a 12 month high of GBX 1,918. The stock has a market cap of £934.09 million, a price-to-earnings ratio of 8.49 and a beta of 0.31. The company’s 50 day moving average is GBX 1,572.61 and its two-hundred day moving average is GBX 1,510.20.

About M.P. Evans Group

(Get Free Report)

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.

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