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

M.P. Evans Group PLC (LON:MPE) shares hit a new 52-week high on Monday . The stock traded as high as GBX 1,660 and last traded at GBX 1,660, with a volume of 15354 shares. The stock had previously closed at GBX 1,630.

Analysts Set New Price Targets

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 research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,750.

M.P. Evans Group Stock Performance

The stock has a market capitalization of £866.07 million, a price-to-earnings ratio of 7.84 and a beta of 0.26. The firm has a fifty day moving average of GBX 1,500.38 and a 200-day moving average of GBX 1,353.94.

Insider Buying and Selling at M.P. Evans Group

In related news, insider Tanya Ashton purchased 669 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of GBX 1,493 per share, for a total transaction of £9,988.17. Also, insider Matthew Coulson sold 8,450 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total value of £104,695.50. 8.70% of the stock is currently owned by corporate 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.