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

M.P. Evans Group PLC (LON:MPE)’s share price reached a new 52-week high 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.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,750 price objective 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, Based on data from MarketBeat, M.P. Evans Group currently has a consensus rating of “Buy” and a consensus target price of GBX 1,750.

M.P. Evans Group Trading Up 0.1%

The stock has a market cap of £975.69 million, a price-to-earnings ratio of 8.83 and a beta of 0.34. The stock has a 50-day moving average price of GBX 1,595.56 and a two-hundred day moving average price of GBX 1,408.34.

Insider Buying and Selling at M.P. Evans Group

In other news, insider Tanya Ashton purchased 669 shares of the stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, with a total value of £9,988.17. 8.70% of the stock is owned by 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.