M.P. Evans Group (LON:MPE) Sets New 12-Month High – Here’s What Happened

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as GBX 1,075 ($13.37) and last traded at GBX 1,074.74 ($13.37), with a volume of 86445 shares. The stock had previously closed at GBX 1,035 ($12.87).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on shares of M.P. Evans Group from GBX 1,350 ($16.79) to GBX 1,400 ($17.41) and gave the company a “buy” rating in a research report on Tuesday, January 21st.

M.P. Evans Group Trading Up 3.6 %

The stock has a market cap of £566.29 million, a PE ratio of 1,140.97 and a beta of 0.69. The company has a debt-to-equity ratio of 8.72, a quick ratio of 1.91 and a current ratio of 1.70. The stock has a fifty day moving average price of GBX 982.46 and a 200 day moving average price of GBX 929.10.

Insiders Place Their Bets

In other M.P. Evans Group news, insider K Chandra Sekaran sold 4,050 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.44), for a total value of £37,260 ($46,337.52). 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”).