M.P. Evans Group (LON:MPE) had its price target lowered by Peel Hunt from GBX 906 ($11.84) to GBX 880 ($11.50) in a research report issued on Monday, April 8th, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target indicates a potential upside of 30.18% from the stock’s current price.
Separately, FinnCap reaffirmed a “corporate” rating on shares of M.P. Evans Group in a research report on Wednesday, January 9th.
MPE stock traded down GBX 9 ($0.12) during midday trading on Monday, hitting GBX 676 ($8.83). The company’s stock had a trading volume of 11,802 shares, compared to its average volume of 12,691. The stock has a market capitalization of $369.24 million and a PE ratio of 68.98. M.P. Evans Group has a 52-week low of GBX 616 ($8.05) and a 52-week high of GBX 800 ($10.45). The company has a quick ratio of 1.65, a current ratio of 2.12 and a debt-to-equity ratio of 7.49.
M.P. Evans Group PLC, through its subsidiaries, operates oil palm plantations in Indonesia. The company produces crude palm oil and palm kernels. It is also involved in the property development and oil-palm fresh fruit bunches production businesses in Malaysia; and the provision of agronomic and management consultancy services.
See Also: Book Value Per Share – BVPS
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