M.P. Evans Group (LON:MPE) Sets New 12-Month High - Still a Buy?

Key Points

• M.P. Evans Group PLC shares have reached a new 52-week high, trading at GBX 1,320 ($17.64) during the day, reflecting a growing interest in the stock.
• Analysts at Canaccord Genuity Group have maintained a "buy" rating for M.P. Evans and set a price target of GBX 1,500 ($20.04).
• The company is recognized as a responsible producer of certified sustainable crude palm oil, operating across five provinces in Indonesia.

Shares of M.P. Evans Group PLC (LON:MPE - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,320 ($17.44) and last traded at GBX 1,300 ($17.17), with a volume of 11103 shares changing hands. The stock had previously closed at GBX 1,300 ($17.17).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,500 ($19.82) price objective on shares of M.P. Evans Group in a research note on Thursday, July 24th.

M.P. Evans Group Stock Down 0.8%

The business's 50-day moving average price is GBX 1,140.09 and its 200-day moving average price is GBX 1,061. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The firm has a market capitalization of £856.84 million, a PE ratio of 13.30 and a beta of 0.69.

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”).