Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Broker tips: MP Evans, Essentra
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on palm oil business MP Evans from 1,350.0p to 1,400.0p on Tuesday, stating the group was "continuing on the right path". Canaccord Genuity said MP Evans's recent trading update highlighted a strong operational and financial performance in 2024 despite moderately challenging weather conditions in certain Indonesian regions due to dry weather.
The Canadian bank said MP Evans' total processed crop remained broadly stable compared to 2023, reaching approximately 1.61m tonnes, driven by increased production of own crops and smallholder scheme crops.
However, purchases from independent suppliers were lower than expectations due to robust internal production.
"We continue to view the company as well-positioned to deliver strong results. With consistent performance and unchanged conditions," said Canaccord Genuity.
Analysts at Berenberg lowered their target price on essential components manufacturer Essentra from 200.0p to 170.0p on Tuesday, stating it had tempered its outlook for the group's FY25 trading performance.
Essentra said trading conditions in Q4 continued to be mixed for the group, with EMEA region revenues softening further, trading in the Americas stabilising, and Asia-Pacific delivering a steady improvement.
Berenberg stated that on account of expected continued revenue declines in the EMEA region, it thinks it prudent to expect a flat sales performance in FY25 at the group level.
Further, due to differing regional profitability profiles, the German bank's updated regional mix assumptions lead it to downwardly revise its FY25 group underlying earnings forecasts from roughly £45.0m to approximately £36.0m - a 20% downgrade.
"While disappointing, we expect this now marks trough-earnings for the group, on a trough multiple (15.2x FY 2025 P/E, or 12.5x FY 2026 before any share price movement) and we continue to view Essentra as well placed to benefit when markets (particularly in Europe) eventually normalise," said Berenberg, which reiterated its 'buy' rating on the stock.
Reporting by Iain Gilbert at Sharecast.com
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
