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

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,020 ($12.76) and last traded at GBX 1,011.81 ($12.66), with a volume of 32963 shares changing hands. The stock had previously closed at GBX 994 ($12.44).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,250 ($15.64) price target on shares of M.P. Evans Group in a report on Wednesday, September 18th.

M.P. Evans Group Trading Up 2.6 %

The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91. The firm’s fifty day moving average is GBX 956.69 and its two-hundred day moving average is GBX 906.71. The firm has a market capitalization of £538.56 million, a PE ratio of 1,085.11 and a beta of 0.69.

Insider Activity

In related news, insider K Chandra Sekaran sold 3,980 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of GBX 940 ($11.76), for a total transaction of £37,412 ($46,811.81). Insiders sold a total of 8,850 shares of company stock valued at $8,238,000 over the last three months. Corporate insiders own 48.63% of the company’s stock.

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”).