M.P. Evans Group (LON:MPE) Stock Price Up 0.4% – Time to Buy?

M.P. Evans Group PLC (LON:MPE) shares rose 0.4% on Monday. The company traded as high as GBX 1,738 and last traded at GBX 1,722.73. 48,212 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 194,385 shares. The stock had previously closed at GBX 1,716.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on shares of M.P. Evans Group from GBX 1,900 to GBX 2,500 and gave the stock a “buy” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 2,500.

M.P. Evans Group Trading Up 0.4%

The company’s 50 day simple moving average is GBX 1,952.39 and its 200 day simple moving average is GBX 1,667.41. The stock has a market capitalization of £893.56 million, a PE ratio of 7.32 and a beta of 0.30.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.