M.P. Evans Group (LON:MPE) Hits New 52-Week High – Still a Buy?

M.P. Evans Group PLC (LON:MPE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,545 and last traded at GBX 1,535, with a volume of 38837 shares changing hands. The stock had previously closed at GBX 1,510.

Wall Street Analyst Weigh In

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

M.P. Evans Group Stock Performance

The company’s 50 day moving average price is GBX 1,277.80 and its 200-day moving average price is GBX 1,297.38. The stock has a market cap of £795.68 million, a P/E ratio of 7.57 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 M.P. Evans Group stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of GBX 1,232, for a total transaction of £114,945.60. 8.70% of the stock is owned by 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.