M.P. Evans Group PLC (LON:MPE – Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as GBX 1,012.09 ($12.75) and last traded at GBX 987.51 ($12.44), with a volume of 124473 shares. The stock had previously closed at GBX 930 ($11.72).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($15.75) target price on shares of M.P. Evans Group in a research note on Wednesday, September 18th.
M.P. Evans Group Stock Up 6.7 %
M.P. Evans Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a GBX 15 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1.76%. M.P. Evans Group’s dividend payout ratio is presently 5,106.38%.
Insiders Place Their Bets
In other news, insider K Chandra Sekaran sold 3,980 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of GBX 940 ($11.85), for a total value of £37,412 ($47,148.08). Insiders have sold 8,850 shares of company stock worth $8,238,000 over the last three months. Company insiders own 48.63% of the company’s stock.
About M.P. Evans Group
M.P. Evans Group PLC, through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia. The company operates through Plantation, Property, and Other segments. It produces and sells crude palm oil and palm kernels. The company is also involved in the property development; and oil-palm fresh fruit bunches production businesses, as well as provision of agronomic and management consultancy services.
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