M.P. Evans Group PLC (LON:MPE – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,562.16 and traded as high as GBX 1,716. M.P. Evans Group shares last traded at GBX 1,716, with a volume of 32,552 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group increased their price objective on shares of M.P. Evans Group from GBX 1,750 to GBX 1,900 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, M.P. Evans Group presently has a consensus rating of “Buy” and a consensus target price of GBX 1,900.
View Our Latest Stock Report on MPE
M.P. Evans Group Trading Up 1.7%
M.P. Evans Group Company Profile
M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.
Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).
The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.
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