M.P. Evans Group (LON:MPE) Sets New 1-Year High – What’s Next?

M.P. Evans Group PLC (LON:MPE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,878 and last traded at GBX 1,860, with a volume of 8054 shares. The stock had previously closed at GBX 1,868.

Analyst Ratings Changes

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

M.P. Evans Group Stock Performance

The stock has a fifty day moving average price of GBX 1,595.56 and a 200-day moving average price of GBX 1,408.34. The firm has a market capitalization of £975.69 million, a PE ratio of 8.83 and a beta of 0.34.

Insider Activity

In related news, insider Tanya Ashton purchased 669 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of GBX 1,493 per share, for a total transaction of £9,988.17. Corporate 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.