M.P. Evans Group (LON:MPE) Sets New 52-Week High – Here’s Why

M.P. Evans Group PLC (LON:MPE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 1,020 ($12.67) and last traded at GBX 1,011.81 ($12.57), with a volume of 32963 shares. The stock had previously closed at GBX 994 ($12.35).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,250 ($15.53) target price on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

M.P. Evans Group Price Performance

The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The stock’s 50 day moving average price is GBX 960.73 and its two-hundred day moving average price is GBX 909.08. The stock has a market cap of £536.90 million, a price-to-earnings ratio of 1,081.76 and a beta of 0.69.

Insider Buying and Selling at M.P. Evans Group

In related news, insider K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($11.68), for a total transaction of £37,412 ($46,474.53). Over the last three months, insiders have sold 8,850 shares of company stock valued at $8,238,000. 48.63% 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”).