M.P. Evans Group (LON:MPE) Sets New 1-Year High – Should You Buy?

M.P. Evans Group PLC (LON:MPE) reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,115 ($14.07) and last traded at GBX 1,095 ($13.81), with a volume of 83012 shares changing hands. The stock had previously closed at GBX 1,090 ($13.75).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on shares of M.P. Evans Group from GBX 1,350 ($17.03) to GBX 1,400 ($17.66) and gave the company a “buy” rating in a research report on Tuesday, January 21st.

M.P. Evans Group Price Performance

The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The company has a market capitalization of £709.36 million, a PE ratio of 11.01 and a beta of 0.69. The company’s 50-day simple moving average is GBX 998.64 and its 200-day simple moving average is GBX 941.29.

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”).