M.P. Evans Group (LON:MPE) Earns Buy Rating from Canaccord Genuity Group

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

M.P. Evans Group Stock Performance

Shares of MPE opened at GBX 892.05 ($11.78) on Wednesday. The business’s 50 day moving average is GBX 860.82 and its two-hundred day moving average is GBX 842.98. M.P. Evans Group has a 52-week low of GBX 684 ($9.04) and a 52-week high of GBX 920 ($12.15). The firm has a market cap of £471.00 million, a price-to-earnings ratio of 1,210.81 and a beta of 0.69. 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 company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 1.76%. The ex-dividend date is Thursday, October 10th. M.P. Evans Group’s dividend payout ratio is currently 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.