Is M.P. Evans Group PLC a Buy? The Stock Reaches All-Time High Today

 Is M.P. Evans Group PLC a Buy? The Stock Reaches All Time High Today

The stock of M.P. Evans Group PLC (LON:MPE) reached all time high today, Nov, 3 and still has GBX 1463.95 target or 130.00% above today’s GBX 636.50 share price. This indicates more upside for the GBX 353.17 million company. This technical setup was reported by Barchart.com. If the GBX 1463.95 PT is reached, the company will be worth GBX 459.12M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.84% or GBX 11.5 on November 3, hitting GBX 636.5. About 17,232 shares traded hands. M.P. Evans Group PLC (LON:MPE) has risen 54.40% since April 7, 2016 and is uptrending. It has outperformed by 53.18% the S&P500.

M.P. Evans Group PLC (LON:MPE) Ratings Coverage

Out of 2 analysts covering M.P. Evans Group PLC (LON:MPE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. M.P. Evans Group PLC has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Monday, September 12, the company rating was maintained by Peel Hunt. FinnCap maintained M.P. Evans Group PLC (LON:MPE) rating on Tuesday, April 12. FinnCap has “Buy” rating and GBX 550 price target. FinnCap maintained it with “Buy” rating and GBX 550 target price in Wednesday, November 4 report. The rating was maintained by Peel Hunt on Monday, June 13 with “Buy”. Peel Hunt maintained it with “Buy” rating and GBX 650 target price in Tuesday, April 12 report. The rating was maintained by FinnCap on Wednesday, August 5 with “Buy”. FinnCap maintained M.P. Evans Group PLC (LON:MPE) rating on Friday, September 11. FinnCap has “Buy” rating and GBX 550 price target. The stock of M.P. Evans Group PLC (LON:MPE) earned “Buy” rating by Peel Hunt on Friday, May 6. FinnCap maintained it with “Buy” rating and GBX 550 target price in Tuesday, April 19 report. FinnCap maintained the shares of MPE in a report on Friday, December 4 with “Buy” rating.

M.P. Evans Group PLC, through its subsidiary and associated undertakings, operates oil palm and rubber plantations in Indonesia, beef-cattle activities in Australia, and property development in West Malaysia. The company has a market cap of 353.17 million GBP. The Company’s principal activity is the ownership, management and development of sustainable oil-palm estates in Indonesia. It has a 40.79 P/E ratio. The Company’s divisions include plantation crops in Indonesia, with a residual balance in Malaysia; cattle in Australia, and property development in Malaysia.

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