M.P. Evans Group (LON:MPE) Sets New 1-Year High - Here's Why

Key Points

• M.P. Evans Group PLC shares reached a new 52-week high of GBX 1,370 ($18.46) during trading, ending at GBX 1,356.52 ($18.27) with a total trading volume of 20,036 shares.
• Canaccord Genuity upgraded the stock's target price from GBX 1,500 to GBX 1,650 and maintained a "buy" rating, contributing to the current consensus rating of "Buy" among analysts.
• The company, which specializes in certified sustainable crude palm oil, has a market capitalization of £710.85 million and a PE ratio of 825.20.

Shares of M.P. Evans Group PLC (LON:MPE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,370 ($18.52) and last traded at GBX 1,356.52 ($18.33), with a volume of 20036 shares traded. The stock had previously closed at GBX 1,355 ($18.31).

Wall Street Analysts Forecast Growth

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

M.P. Evans Group Trading Down 0.4%

The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The stock has a market capitalization of £704.38 million, a P/E ratio of 817.69 and a beta of 0.69. The stock has a 50-day moving average price of GBX 1,304.29 and a two-hundred day moving average price of GBX 1,133.45.

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”).