M.P. Evans Group (LON:MPE) Reaches New 52-Week High – Should You Buy?

M.P. Evans Group PLC (LON:MPE) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,925.92 and last traded at GBX 1,925.92, with a volume of 110952 shares changing hands. The stock had previously closed at GBX 1,786.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price target on shares of M.P. Evans Group from GBX 1,750 to GBX 1,900 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, M.P. Evans Group currently has a consensus rating of “Buy” and an average price target of GBX 1,900.

M.P. Evans Group Price Performance

The company has a market capitalization of £993.98 million, a PE ratio of 9.04 and a beta of 0.33. The firm’s fifty day simple moving average is GBX 1,683.59 and its 200 day simple moving average is GBX 1,611.48.

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.