M.P. Evans Group PLC’s (MPE) Buy Rating Reiterated at FinnCap

M.P. Evans Group PLC (LON:MPE)‘s stock had its “buy” rating reaffirmed by investment analysts at FinnCap in a note issued to investors on Thursday. They currently have a GBX 835 ($10.51) price objective on the stock. FinnCap’s target price points to a potential upside of 15.17% from the stock’s previous close.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 880 ($11.08) price target (up from GBX 650 ($8.18)) on shares of M.P. Evans Group PLC in a report on Wednesday, March 22nd.

M.P. Evans Group PLC (LON:MPE) traded down 2.34% during mid-day trading on Thursday, reaching GBX 708.00. The company had a trading volume of 30,769 shares. The company’s 50 day moving average is GBX 749.06 and its 200 day moving average is GBX 661.54. M.P. Evans Group PLC has a 52-week low of GBX 390.00 and a 52-week high of GBX 791.50. The stock’s market capitalization is GBX 392.20 million.

The firm also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, April 20th will be issued a dividend of GBX 12.75 ($0.16) per share. This is a boost from M.P. Evans Group PLC’s previous dividend of $10.00. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, April 20th.

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In other M.P. Evans Group PLC news, insider Matthew Coulson acquired 1,500 shares of M.P. Evans Group PLC stock in a transaction dated Monday, January 23rd. The stock was purchased at an average cost of GBX 650 ($8.18) per share, for a total transaction of £9,750 ($12,271.87).

M.P. Evans Group PLC Company Profile

M.P. Evans Group PLC, through its subsidiary and associated undertakings, operates oil palm and rubber plantations in Indonesia, beef-cattle operations in Australia, and property development in West Malaysia. The Company’s principal activity is the ownership, management and development of sustainable oil-palm estates in Indonesia.

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