M.P. Evans Group (LON:MPE) Hits New 1-Year High – Here’s Why

M.P. Evans Group PLC (LON:MPE)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,568 and last traded at GBX 1,560, with a volume of 181010 shares. The stock had previously closed at GBX 1,510.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,750 target price on shares of M.P. Evans Group in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,750.

M.P. Evans Group Price Performance

The stock has a market cap of £803.51 million, a price-to-earnings ratio of 7.27 and a beta of 0.26. The stock has a fifty day moving average of GBX 1,460.78 and a 200 day moving average of GBX 1,342.56.

Insider Transactions at M.P. Evans Group

In related news, insider Tanya Ashton purchased 669 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 1,493 per share, with a total value of £9,988.17. Also, insider Matthew Coulson sold 8,450 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total value of £104,695.50. Insiders own 8.70% of the company’s stock.

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.