Canaccord Genuity Group Reaffirms “Buy” Rating for M.P. Evans Group (LON:MPE)

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

M.P. Evans Group Price Performance

The firm’s 50-day moving average is GBX 862.65 and its two-hundred day moving average is GBX 844.44. The company has a quick ratio of 1.91, a current ratio of 1.83 and a debt-to-equity ratio of 10.77. M.P. Evans Group has a 52 week low of GBX 684 ($9.04) and a 52 week high of GBX 920 ($12.15). The firm has a market cap of £484.70 million, a price-to-earnings ratio of 1,229.73 and a beta of 0.69.

M.P. Evans Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders 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 yield of 1.76%. M.P. Evans Group’s dividend payout ratio (DPR) is currently 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.