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 released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,250 ($16.51) target price on the stock.

M.P. Evans Group Stock Performance

The firm has a market cap of £484.70 million, a P/E ratio of 1,229.73 and a beta of 0.69. The company has a debt-to-equity ratio of 10.77, a current ratio of 1.83 and a quick ratio of 1.91. M.P. Evans Group has a 1-year low of GBX 684 ($9.04) and a 1-year high of GBX 920 ($12.15). The firm has a fifty day moving average of GBX 862.65 and a 200 day moving average of GBX 844.44.

M.P. Evans Group Cuts Dividend

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

About M.P. Evans Group

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.