M.P. Evans Group (LON:MPE) Reaches New 12-Month High – Here’s Why

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

Analyst Ratings Changes

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

M.P. Evans Group Stock Down 1.8%

The stock has a market cap of £973.60 million, a PE ratio of 8.81 and a beta of 0.34. The firm has a 50 day moving average price of GBX 1,612.58 and a 200 day moving average price of GBX 1,415.87.

Insider Transactions at M.P. Evans Group

In related news, insider Tanya Ashton bought 669 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average price of GBX 1,493 per share, for a total transaction of £9,988.17. 8.70% of the stock is owned by company 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.