M.P. Evans Group (LON:MPE) Hits New 12-Month High - Time to Buy?

Key Points

• M.P. Evans Group PLC's shares reached a new 52-week high, trading at GBX 1,345 ($17.88) for the first time on Tuesday.
• Wall Street analysts at Canaccord Genuity have a "buy" rating for the stock, with a price target set at GBX 1,500 ($19.94).
• The company, which produces certified sustainable crude palm oil, is headquartered in the UK and listed on the London Stock Exchange's Alternative Investment Market.

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 1,345 ($18.09) and last traded at GBX 1,316.30 ($17.70), with a volume of 17006 shares. The stock had previously closed at GBX 1,300 ($17.48).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 1,500 ($20.17) target price on shares of M.P. Evans Group in a research note on Thursday, July 24th.

M.P. Evans Group Trading Up 1.5%

The business's fifty day simple moving average is GBX 1,171.99 and its 200 day simple moving average is GBX 1,075.99. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89. The stock has a market cap of £866.58 million, a P/E ratio of 13.45 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”).