The stock of M.P. Evans Group PLC (LON:MPE) hit a new 52-week high and has GBX 1606.50 target or 155.00% above today’s GBX 630.00 share price. The 5 months bullish chart indicates low risk for the GBX 349.56M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the GBX 1606.50 price target is reached, the company will be worth GBX 541.82 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.08% or GBX 0.5 on November 7, hitting GBX 630. About 48,043 shares traded hands. M.P. Evans Group PLC (LON:MPE) has risen 51.90% since April 11, 2016 and is uptrending. It has outperformed by 49.94% 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. The rating was maintained by FinnCap on Tuesday, April 12 with “Buy”. The stock of M.P. Evans Group PLC (LON:MPE) earned “Buy” rating by Peel Hunt on Tuesday, April 12. FinnCap maintained the shares of MPE in a report on Monday, September 12 with “Buy” rating. On Monday, September 12 the stock rating was maintained by Peel Hunt with “Buy”. The stock of M.P. Evans Group PLC (LON:MPE) has “Buy” rating given on Tuesday, April 19 by FinnCap. The stock of M.P. Evans Group PLC (LON:MPE) earned “Buy” rating by FinnCap on Wednesday, November 4. The stock of M.P. Evans Group PLC (LON:MPE) has “Buy” rating given on Friday, December 4 by FinnCap. The company was maintained on Friday, May 6 by FinnCap. The rating was maintained by FinnCap on Friday, September 11 with “Buy”. FinnCap maintained M.P. Evans Group PLC (LON:MPE) on Wednesday, November 2 with “Buy” rating.
More news for M.P. Evans Group PLC (LON:MPE) were recently published by: Businesswire.com, which released: “Montanaro Asset Management UK Regulatory Announcement: Form 8.3 – M P Evans …” on October 26, 2016. Globenewswire.com‘s article titled: “HSBC Bank Plc : Form 8.5 (EPT/RI) – M P Evans Group PLC” and published on November 04, 2016 is yet another important article.
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 349.56 million GBP. The Company’s principal activity is the ownership, management and development of sustainable oil-palm estates in Indonesia. It has a 40.37 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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