M.P. Evans Group (LON:MPE) Sets New 52-Week High - Here's Why

Key Points

• M.P. Evans Group's share price reached a new 52-week high of GBX 1,400 ($18.80) during trading, up from a previous close of GBX 1,380 ($18.54).
• Canaccord Genuity Group increased their price target for the stock from GBX 1,500 to GBX 1,650, giving it a "buy" rating.
• The company is a responsible producer of certified sustainable crude palm oil with plantations across five Indonesian provinces and trades on the London Stock Exchange's AIM.

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,400 ($18.80) and last traded at GBX 1,400 ($18.80), with a volume of 11309 shares. The stock had previously closed at GBX 1,380 ($18.54).

Analyst Upgrades and Downgrades

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

M.P. Evans Group Price Performance

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 business has a 50-day moving average price of GBX 1,316.54 and a two-hundred day moving average price of GBX 1,146.51. The company has a market capitalization of £720.03 million, a price-to-earnings ratio of 835.86 and a beta of 0.69.

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”).

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