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

M.P. Evans Group PLC (LON:MPE) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,410 and last traded at GBX 1,396.25, with a volume of 115904 shares changing hands. The stock had previously closed at GBX 1,380.

Analysts Set New Price Targets

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

M.P. Evans Group Trading Up 6.2%

The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The firm has a 50-day moving average of GBX 1,259.50 and a 200-day moving average of GBX 1,291.64. The firm has a market capitalization of £764.38 million, a P/E ratio of 7.27 and a beta of 0.69.

Insider Transactions at M.P. Evans Group

In related news, insider Matthew Coulson sold 9,330 shares of the business’s stock in a transaction dated 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 currently owned by corporate insiders.

M.P. Evans Group Company Profile

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.