M.P. Evans Group (LON:MPE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

M.P. Evans Group (LON:MPE) had its price objective hoisted by research analysts at Canaccord Genuity Group from GBX 1,750 to GBX 1,900 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 11.24% from the company’s current price.

M.P. Evans Group Stock Down 3.3%

MPE opened at GBX 1,708 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 £886.84 million, a price-to-earnings ratio of 8.06 and a beta of 0.31. The business has a 50 day moving average of GBX 1,566.96 and a 200-day moving average of GBX 1,517.39.

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.