M.P. Evans Group (LON:MPE) Sets New 12-Month High – Should You Buy?

Shares of M.P. Evans Group PLC (LON:MPE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,410 and last traded at GBX 1,396.25, with a volume of 115904 shares changing hands. The stock had previously closed at GBX 1,380.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,650 target price on shares of M.P. Evans Group in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,650.

M.P. Evans Group Stock Performance

The company’s 50 day simple moving average is GBX 1,259.50 and its 200 day simple moving average is GBX 1,291.64. The stock has a market cap of £764.38 million, a PE ratio of 7.27 and a beta of 0.69. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70.

Insider Buying and Selling at M.P. Evans Group

In related news, insider Matthew Coulson sold 9,330 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of GBX 1,232, for a total value of £114,945.60. Company insiders own 8.70% of the company’s stock.

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”).

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.