M.P. Evans Group’s (MPE) Buy Rating Reiterated at Canaccord Genuity Group

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

M.P. Evans Group Price Performance

M.P. Evans Group has a 12 month low of GBX 684 ($9.04) and a 12 month high of GBX 920 ($12.15). The stock has a 50 day simple moving average of GBX 862.65 and a two-hundred day simple moving average of GBX 844.44. The company has a current ratio of 1.83, a quick ratio of 1.91 and a debt-to-equity ratio of 10.77. The firm has a market capitalization of £484.70 million, a P/E ratio of 1,229.73 and a beta of 0.69.

M.P. Evans Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.76%. M.P. Evans Group’s dividend payout ratio (DPR) is 6,081.08%.

M.P. Evans Group Company Profile

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.