M.P. Evans Group (LON:MPE) Sets New 52-Week High – Here’s What Happened

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

Analysts Set New Price Targets

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

M.P. Evans Group Price Performance

The firm’s 50-day moving average price is GBX 1,628 and its 200-day moving average price is GBX 1,427.43. The company has a market cap of £792.03 million, a price-to-earnings ratio of 7.17 and a beta of 0.34.

Insider Activity

In other M.P. Evans Group news, insider Tanya Ashton acquired 669 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, with a total value of £9,988.17. 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.