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

Posted by Logan Wallace on Jan 23rd, 2025

M.P. Evans Group (LON:MPE – Get Free Report) had its target price increased by Canaccord Genuity Group from GBX 1,350 ($16.62) to GBX 1,400 ($17.24) in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 39.72% from the stock’s previous close.

M.P. Evans Group Stock Performance

M.P. Evans Group stock opened at GBX 1,002 ($12.34) on Tuesday. The company has a debt-to-equity ratio of 8.72, a quick ratio of 1.91 and a current ratio of 1.70. The company has a market capitalization of £529.06 million, a PE ratio of 1,065.96 and a beta of 0.69. The company has a 50 day moving average price of GBX 970.84 and a 200-day moving average price of GBX 917.19. M.P. Evans Group has a fifty-two week low of GBX 724 ($8.91) and a fifty-two week high of GBX 1,040 ($12.80).

Insiders Place Their Bets

In other M.P. Evans Group news, insider K Chandra Sekaran sold 820 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.57), for a total transaction of £7,708 ($9,489.11). In the last ninety days, insiders sold 8,850 shares of company stock worth $8,238,000. 48.63% of the stock is currently owned by company insiders.

M.P. Evans Group Company Profile

(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”).