M.P. Evans Group (LON:MPE) Sets New 12-Month High – What’s Next?

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,780 and last traded at GBX 1,776, with a volume of 24421 shares trading hands. The stock had previously closed at GBX 1,760.

Analyst Ratings Changes

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

M.P. Evans Group Trading Down 1.0%

The stock’s 50-day moving average price is GBX 1,546.99 and its two-hundred day moving average price is GBX 1,378.68. The stock has a market capitalization of £928.73 million, a P/E ratio of 8.40 and a beta of 0.26.

Insider Buying and Selling at M.P. Evans Group

In related news, insider Tanya Ashton bought 669 shares of M.P. Evans Group stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average cost of GBX 1,493 per share, with a total value of £9,988.17. 8.70% of the stock is owned by corporate insiders.

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.