M.P. Evans Group (LON:MPE) Sets New 12-Month High – Here’s What Happened

Shares of M.P. Evans Group PLC (LON:MPE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,840 and last traded at GBX 1,836, with a volume of 99788 shares traded. The stock had previously closed at GBX 1,792.69.

Analyst Ratings Changes

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

M.P. Evans Group Price Performance

The company has a market cap of £954.52 million, a PE ratio of 8.64 and a beta of 0.26. The company has a 50-day moving average of GBX 1,546.99 and a 200 day moving average of GBX 1,380.32.

Insider Buying and Selling

In related news, insider Tanya Ashton purchased 669 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, for a total transaction of £9,988.17. Corporate insiders own 8.70% of the company’s stock.

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.