M.P. Evans Group (LON:MPE) Reaches New 1-Year High – What’s Next?

Shares of M.P. Evans Group PLC (LON:MPE) hit a new 52-week high 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. The stock had previously closed at GBX 1,786.

Wall Street Analyst Weigh In

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

M.P. Evans Group Stock Performance

The company has a market cap of £993.98 million, a PE ratio of 9.04 and a beta of 0.33. The stock has a 50 day moving average of GBX 1,683.59 and a 200-day moving average of 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.