M.P. Evans Group (LON:MPE) Hits New 1-Year High – Should You Buy?

Shares of M.P. Evans Group PLC (LON:MPEGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,045 ($13.02) and last traded at GBX 1,045 ($13.02), with a volume of 3583 shares. The stock had previously closed at GBX 1,020 ($12.71).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on shares of M.P. Evans Group from GBX 1,350 ($16.82) to GBX 1,400 ($17.45) and gave the company a “buy” rating in a research report on Tuesday, January 21st.

Check Out Our Latest Stock Report on MPE

M.P. Evans Group Price Performance

The stock has a market capitalization of £551.76 million, a P/E ratio of 1,111.70 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 firm has a 50-day moving average price of GBX 974.45 and a 200 day moving average price of GBX 920.69.

Insiders Place Their Bets

In related news, insider K Chandra Sekaran sold 4,050 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of GBX 920 ($11.47), for a total transaction of £37,260 ($46,435.69). Over the last ninety days, insiders have sold 8,850 shares of company stock valued at $8,238,000. 48.63% of the stock is currently owned by corporate insiders.

M.P. Evans Group Company Profile

(Get Free Report)

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”).

Further Reading

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