M.P. Evans Group (LON:MPE) Hits New 52-Week High - What's Next?

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.

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,320 ($17.52) and last traded at GBX 1,300 ($17.26), with a volume of 11103 shares trading hands. The stock had previously closed at GBX 1,300 ($17.26).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,500 ($19.91) target price on shares of M.P. Evans Group in a research report on Thursday, July 24th.

M.P. Evans Group Price Performance

The stock has a market cap of £847.11 million, a price-to-earnings ratio of 13.15 and a beta of 0.69. The stock's 50 day moving average price is GBX 1,145.09 and its two-hundred day moving average price is GBX 1,063.44. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89.

About M.P. Evans Group

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”).