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

M.P. Evans Group (LON:MPE) had its price objective lifted by Canaccord Genuity Group from GBX 1,900 to GBX 2,500 in a research note issued to investors on Monday, Marketbeat reports. They currently have a buy rating on the stock.

M.P. Evans Group Stock Performance

Shares of LON:MPE opened at GBX 2,195 on Monday. The business’s 50 day simple moving average is GBX 1,736.85 and its two-hundred day simple moving average is GBX 1,631.40. The firm has a market cap of £1.14 billion, a P/E ratio of 10.36 and a beta of 0.33. M.P. Evans Group has a 52-week low of GBX 1,168.75 and a 52-week high of GBX 2,260.

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.