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

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,115 ($14.03) and last traded at GBX 1,095 ($13.78), with a volume of 83012 shares traded. The stock had previously closed at GBX 1,090 ($13.72).

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on shares of M.P. Evans Group from GBX 1,350 ($16.99) to GBX 1,400 ($17.62) and gave the company a "buy" rating in a research note on Tuesday, January 21st.

M.P. Evans Group Stock 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 company has a market capitalization of £697.81 million, a PE ratio of 10.83 and a beta of 0.69. The business has a 50 day simple moving average of GBX 1,003.32 and a 200 day simple moving average of GBX 944.58.

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”).