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

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,840 and last traded at GBX 1,836, with a volume of 99788 shares trading hands. The stock had previously closed at GBX 1,792.69.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,750 target price on shares of M.P. Evans Group in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,750.

M.P. Evans Group Price Performance

The stock has a market cap of £954.52 million, a PE ratio of 8.64 and a beta of 0.26. The business has a fifty day moving average of GBX 1,546.99 and a 200-day moving average of GBX 1,380.32.

Insider Activity

In other news, insider Tanya Ashton purchased 669 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of GBX 1,493 per share, for a total transaction of £9,988.17. 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.