M.P. Evans Group (LON:MPE) Price Target Raised to GBX 2,500 at Canaccord Genuity Group

M.P. Evans Group (LON:MPE) had its target price raised by research analysts at Canaccord Genuity Group from GBX 1,900 to GBX 2,500 in a research report issued on Monday, London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 28.87% from the stock’s current price.

M.P. Evans Group Stock Performance

MPE opened at GBX 1,940 on Monday. M.P. Evans Group has a fifty-two week low of GBX 1,168.75 and a fifty-two week high of GBX 2,040. The company has a market capitalization of £1.01 billion, a P/E ratio of 9.16 and a beta of 0.33. The stock has a fifty day moving average of GBX 1,699.75 and a 200-day moving average of GBX 1,617.33.

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”).

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.