Commodities, and the companies that produce them, may be deeply unfashionable, but we still feel compelled to highlight the appealing blend of value, growth and stability offered by M.P. Evans. In our view, there are four reasons to buy M.P. Evans: CPO price likely to rally due to El Nino; visibility over 12.5% CAGR in CPO output; ungeared balance sheet coupled with strong cash flow; deeply undervalued versus peers. We reiterate our Buy rating and 12-month price target of 550p.
04 Nov 2015
Four reasons to Buy M.P. Evans
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Four reasons to Buy M.P. Evans
M.P. Evans Group PLC (MPE:LON) | 857 -34.3 (-0.5%) | Mkt Cap: 454.7m
- Published:
04 Nov 2015 -
Author:
Cavendish Research - Pages:
Commodities, and the companies that produce them, may be deeply unfashionable, but we still feel compelled to highlight the appealing blend of value, growth and stability offered by M.P. Evans. In our view, there are four reasons to buy M.P. Evans: CPO price likely to rally due to El Nino; visibility over 12.5% CAGR in CPO output; ungeared balance sheet coupled with strong cash flow; deeply undervalued versus peers. We reiterate our Buy rating and 12-month price target of 550p.