M.P. Evans Group (LON:MPE) Reaches New 52-Week High – Time to Buy?

Shares of M.P. Evans Group PLC (LON:MPE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,045 ($13.00) and last traded at GBX 1,045 ($13.00), with a volume of 3583 shares. The stock had previously closed at GBX 1,020 ($12.69).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on M.P. Evans Group from GBX 1,350 ($16.80) to GBX 1,400 ($17.42) and gave the company a “buy” rating in a research note on Tuesday, January 21st.

M.P. Evans Group Price Performance

The business’s 50-day simple moving average is GBX 977.02 and its 200 day simple moving average is GBX 922.77. The company has a market capitalization of £554.93 million, a P/E ratio of 1,118.09 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72.

Insider Activity at M.P. Evans Group

In related news, insider K Chandra Sekaran sold 3,980 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($11.70), for a total transaction of £37,412 ($46,549.71). Insiders have sold 8,850 shares of company stock worth $8,238,000 over the last quarter. 48.63% of the stock is currently owned by company 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”).