M.P. Evans Group (LON:MPE) Reaches New 52-Week High – What’s Next?

Shares of M.P. Evans Group PLC (LON:MPEGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,918 and last traded at GBX 1,894.72, with a volume of 115619 shares trading hands. The stock had previously closed at GBX 1,882.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,750 target price on shares of M.P. Evans Group in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 1,750.

View Our Latest Analysis on MPE

M.P. Evans Group Stock Down 17.7%

The firm has a market cap of £814.78 million, a price-to-earnings ratio of 7.37 and a beta of 0.34. The business has a 50 day moving average price of GBX 1,629.26 and a 200-day moving average price of GBX 1,425.56.

Insider Activity

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

About M.P. Evans Group

(Get Free Report)

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.

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