M.P. Evans Group (LON:MPE) Sets New 1-Year High – Time to Buy?

M.P. Evans Group PLC (LON:MPEGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,925.92 and last traded at GBX 1,925.92, with a volume of 110952 shares changing hands. The stock had previously closed at GBX 1,786.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target 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 report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,900.

Read Our Latest Analysis on MPE

M.P. Evans Group Stock Down 1.1%

The stock has a market capitalization of £982.55 million, a PE ratio of 8.93 and a beta of 0.33. The company has a 50-day moving average of GBX 1,699.75 and a 200 day moving average of GBX 1,616.41.

M.P. Evans Group Company Profile

(Get Free Report)

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.

Further Reading

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