M.P. Evans Group (LON:MPE) Reaches New 52-Week High – Still a Buy?

M.P. Evans Group PLC (LON:MPEGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,400 ($18.87) and last traded at GBX 1,400 ($18.87), with a volume of 11309 shares. The stock had previously closed at GBX 1,380 ($18.60).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on M.P. Evans Group from GBX 1,500 to GBX 1,650 and gave the company a “buy” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,650.

View Our Latest Analysis on M.P. Evans Group

M.P. Evans Group Stock Performance

The stock has a 50-day moving average of GBX 1,320.84 and a 200 day moving average of GBX 1,149.35. The firm has a market capitalization of £701.77 million, a P/E ratio of 814.66 and a beta of 0.69. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70.

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”).

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