M.P. Evans Group (LON:MPE) Reaches New 52-Week High – What’s Next?

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,918 and last traded at GBX 1,894.72, with a volume of 115619 shares traded. The stock had previously closed at GBX 1,882.

Analyst Upgrades and Downgrades

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

M.P. Evans Group Stock Down 17.7%

The company has a market capitalization of £814.78 million, a price-to-earnings ratio of 7.37 and a beta of 0.34. The company has a 50 day simple moving average of GBX 1,629.26 and a 200 day simple moving average of GBX 1,425.56.

Insider Buying and Selling

In other news, insider Tanya Ashton purchased 669 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 1,493 per share, for a total transaction 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.