M.P. Evans Group (LON:MPE) Sets New 12-Month High – Should You Buy?

M.P. Evans Group PLC (LON:MPE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,568 and last traded at GBX 1,560, with a volume of 181010 shares trading hands. The stock had previously closed at GBX 1,510.

Analyst Upgrades and Downgrades

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 report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 1,750.

M.P. Evans Group Trading Up 3.1%

The stock has a market capitalization of £812.64 million, a PE ratio of 7.35 and a beta of 0.26. The stock’s fifty day simple moving average is GBX 1,451.08 and its 200-day simple moving average is GBX 1,339.62.

Insiders Place Their Bets

In other M.P. Evans Group news, insider Matthew Coulson sold 8,450 shares of M.P. Evans Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total transaction of £104,695.50. Also, insider Tanya Ashton acquired 669 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were purchased 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 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.