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

M.P. Evans Group (LON:MPE) had its target price upped by equities research analysts at Canaccord Genuity Group from GBX 1,350 ($16.65) to GBX 1,400 ($17.26) in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 42.28% from the company’s current price.

M.P. Evans Group Stock Down 0.6 %

Shares of LON:MPE traded down GBX 6 ($0.07) on Tuesday, reaching GBX 984 ($12.13). The company had a trading volume of 16,707 shares, compared to its average volume of 42,323. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The stock has a market capitalization of £519.55 million, a P/E ratio of 1,046.81 and a beta of 0.69. The stock has a 50-day moving average price of GBX 969.84 and a 200 day moving average price of GBX 916.34. M.P. Evans Group has a twelve month low of GBX 724 ($8.93) and a twelve month high of GBX 1,040 ($12.82).

Insiders Place Their Bets

In other news, insider K Chandra Sekaran sold 820 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of GBX 940 ($11.59), for a total value of £7,708 ($9,504.32). Insiders sold 8,850 shares of company stock valued at $8,238,000 over the last 90 days. 48.63% of the stock is currently 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”).