MPE has released an AGM trading statement covering the first five months of the financial year (to end May 2021). The statement highlights a very strong start to the year both in terms of CPO production and CPO prices. As a result we are upgrading FY2021E EBIT, PBT and EPS by c12%. Our price target, based on EV/ha multiples, remains at 1,000p.
10 Jun 2021
M.P. Evans - AGM update: another CPO price upgrade
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M.P. Evans - AGM update: another CPO price upgrade
M.P. Evans Group PLC (MPE:LON) | 824 -12.4 (-0.2%) | Mkt Cap: 437.1m
- Published:
10 Jun 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
10
MPE has released an AGM trading statement covering the first five months of the financial year (to end May 2021). The statement highlights a very strong start to the year both in terms of CPO production and CPO prices. As a result we are upgrading FY2021E EBIT, PBT and EPS by c12%. Our price target, based on EV/ha multiples, remains at 1,000p.